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Global Steel Output Rises in August

Steel

Lifted by further strong growth in both China (+8.7% to 74.6 Mt) and the rest of the world, global steel production rose by 6.3% to 143.6 Mt in August, according to the World Steel Association. Output in the eight months from January-August was up by 4.9% at 1,121.7 Mt.

 In a continuation of July’s trend, August production growth outside China was driven by Europe (+5.6% to 16.1 Mt), India (+4.1% to 8.5 Mt), the US (+6.3% to 7.1 Mt) and South Korea (+4.9% to 6.2 Mt), while output continued to decline in both Japan (-2.0% to 8.7 Mt) and Russia (-5.0% to 5.6 Mt).