The volume of crude steel production of the countries of the world, reported by the World Steel Association (worldsteel), significantly decreased during May 2020. Monthly production statistics show that steel production in 64 countries fell by almost 8.7% over the previous year.
World steel production in May this year was 148.775 million tons, compared with 163.003 million tons a year earlier. In that order, China, Japan and India continued to be the world’s largest steel producers. While production in China rose over the year, the other two countries reported sharp declines in production from the previous year. All regions, except the Middle East and other European countries, showed a decline in output.
Cumulative steel production in the first five months of 2020 was 728.715 million tonnes, which is comparable to the production of 768.683 million tonnes in January-May 2019.
The table below provides data on steel production for the top ten producing countries in May this year:
Note. The above figures are expressed in thousand tons.