World steel production is growing

In January of this year, steel production in the world increased by almost five percent, but not in the European Union and the United States.

In the European Union, there is a minimal, but still decline. On the other hand, double-digit growth was recorded in Turkey, one of the largest exporters of steel to the EU.

According to Worldsteel, steel production in the world amounted to 162.9 million tons. This is an increase of 4.8 percent for the year. The increase is mainly due to production in China, where it amounted to 90 million tons, an increase of 6.8%.

The second largest producer in the world, India produced 10 million tons, increasing production by 7.6%. Japan is in third place with a fall of almost 4% and production of 7.9 million tons. The United States produced 1 million tonnes less than Japan (6.9 million tonnes), but for them this represents a reduction of almost 10%. Russia is immediately behind the United States, producing 6.7 million tons, while increasing production by 6.5 percent.

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