Steel production in 64 countries of the world increased to 162 million tons

Steel production in 64 countries of the world that provide data to the World Steel Association in October 2020 increased by 7% compared to the same period in 2019, to 161.89 million tons, the organization said.

In January-October 2020, metal production fell by 2%, to 1.5 billion tons.

Russia last month, according to preliminary data from the association, increased steel production by 4.3% y /y terms, up to 6.05 million tons. Over 10 months of this year, steel production in Russia decreased by 0.8%, to 59.3 million tons.

Steel production (thousand tons):