In the EU-28 countries there is a significant decline in steel production

The production of crude steel in Europe in October this year dropped significantly. According to the World Steel Association (worldsteel), steel production in the region for the month amounted to 12.610 million tons. This is 5.6% less than the 13.356 million tonnes produced in the same month a year earlier.

The top five steel producing countries in the region include Germany, Italy, Spain, France and Poland. Aggregate smelting in the five above-mentioned countries amounted to 8.334 million tons, which is more than 66% of the total production in the region. Germany was the leading steel producer in the region, with monthly output of 3.417 million tonnes of steel. Production in Germany increased slightly by 3.1% over the previous year.

Italy, the second largest steel producer in the region, reported a slight decrease in steel production during the month. Production in Italy was 2.119 Mt, down 4.6% from the previous year. The third place was taken by Spain, the volume of production of which decreased by 7.7% compared to the same period last year and amounted to 1.113 million tons. Spain and Poland reported declines in production by 7.7% and 18%, respectively.

Steel production in the EU-28 in the first ten months of 2020 was 78.361 million tonnes. During this period, all countries in the region, with the exception of Greece, recorded a decline in production. The three leaders in steel production during this period included Germany, Italy and France.

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