Steel production in Asia has been hit hard by the pandemic

The latest production data released by the World Steel Association shows a significant decline in steel production in Asia in April this year. China is the largest steel country, which has managed to slightly increase production volumes amid global weakness in production due to the coronavirus pandemic.

In April 2020, the Asian region produced 104.483 million tons of steel, which is 7.5% less than in the same month a year earlier. In April last year, production in the region amounted to 113.007 million tons.

China accounted for over 81% of all regional production during the month. Production in China was 85.033 million tonnes. Japan is the second largest steel producer in the region, followed by South Korea. Production in India fell the most, dropping 65% from the prior year to 3.137 million tonnes due to production cuts due to a prolonged nationwide lockdown.

Crude steel production in April 2020 by other countries in the region was as follows: Japan (6.617 Mt), South Korea (5.500 Mt), Vietnam (1.946 Mt), Taiwan (1.650 Mt ), Thailand (350 thousand tons) and Pakistan (250 thousand tons).

Aggregate production in the region during the first four months of this year decreased by 1.9% year-on-year to 419.505 million tonnes.

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