World steel production decreased

Production of crude steel in the countries of the world for the first eleven months of this year decreased slightly.

According to recent statistics released by the World Steel Association (worldsteel), global crude steel production declined 1.3% in January-November 2020, compared to the same eleven-month period in 2019. The figures above are based on steel production in 64 steel-producing countries, which accounted for approximately 99% of global crude steel production in 2019.

The total production of crude steel from January to November 2020 amounted to 1.670 billion tonnes. For comparison, in the first eleven months of last year, 1.692 billion tons were produced.

All regions of the world, except Asia, the Middle East and other European countries, reported production cuts. Asia’s production of 1.240 billion tonnes was up 2.0% from the previous year. Chinese production managed to stay in positive territory, increasing slightly by 5.5%. Production in the Other Europe region increased by 2.3%. The Middle East grew in production by 1.4% year on year.

Production in South America fell by almost 10.6%, while production in North America fell by 16.7%. Steel production in Africa fell by almost 14%. Meanwhile, production in the EU-28 region fell by almost 15%. Production of the CIS countries decreased by 1.2% compared to the same period last year. According to worldsteel, steel production in the Oceania region decreased output by 1.9% in January-November 2020.

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