Production of crude steel by countries of the world reporting to the World Steel Association (worldsteel) registered a significant decline during July 2020. Monthly production statistics show that production in 64 countries fell by almost 2.5% over the previous year.
World crude steel production in July this year amounted to 152.694 million tons, compared with the production volume of 156.679 million tons a year earlier. China, India and Japan continued to be the largest steel producers in the world. Of the leading steel producers, only China recorded higher steel production than the previous year. In all regions except Asia, Oceania and other European countries, production declined.
Cumulative steel production in the first seven months of 2020 was 1.027 million tonnes. For comparison, in January-July 2019, production amounted to 1.085 million tons.
The table below provides data on steel production in the top ten producing countries in July this year:
Note. The above volumes are in thousands of tons.