Steel production in the EU-28 countries has grown sharply

Monthly crude steel production figures published by the World Steel Association (worldsteel) point to a noticeable jump in steel production in the EU-28 last December. Production in the region increased by 10.2% compared to the previous year and amounted to 11.757 million tonnes.

Germany, the largest producer in the region, posted a 10.6% increase in production over the previous year. Production in the country amounted to 3.137 million tons. Production in Italy also rose 6.9% year on year, from 1.404 million tonnes to 1.500 million tonnes in December 2020. Other key producers during the month were France (1.155 Mt), Spain (891,000% of Asiatonnes) and the UK (710,000 tonnes).

Steel production grew the most in Croatia, more than doubling in a year. On the other hand, the largest decline in production was recorded in Hungary, whose output fell by almost 45% compared to the previous year.

Meanwhile, the total steel production in the EU-28 for the whole of 2020 dropped significantly by 11.8%. Production in 2020 was 138.786 Mt, up from 157.298 Mt in 2019. The five largest producers during this period included Germany (35.658 million tons), Italy (20.200 million tons), France (11.596 million tons), Spain (10.934 million tons) and Poland (7.890 million tons).

According to worldsteel, steel production in Europe has exceeded the global growth rate of 5.8% on an annualized basis.

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