World Steel Production in June
At 141.0 Mt, global crude steel production in June was down slightly from May, but still up by 3.2% year-on-year, according to the World Steel Association. Six consecutive months of annual growth meant 1h17 steel output was up by 4.5% on the 1h16 at 836.0 Mt.
Production growth in June was overwhelmingly driven by China, where output rose by 5.7% year-on-year to an all-time high of 73.2 Mt. By contrast, at 67.8 Mt, production in the rest of the world combined was up by only 0.7%. This reflected lower output in Japan (-4.3% to 8.4 Mt), India (-1.1% to 8.0 Mt) and the US (-1.7% to 6.7 Mt), alongside South Korean steel production rebounding to 5.9 Mt, up by 7.7% year-on-year, and output rising annually in the EU (+3.9% to 14.4 Mt) and Brazil (+4.0% to 2.6 Mt).