Global Steel Production in November
A 9.9% year-on-year fall in global crude steel output in November to 143.3 Mt, was almost entirely due to a further steep decline in Chinese production, data from the World Steel Association reveal.
At 74.0 Mt, crude steel production in the world excluding China climbed 5.4 % year-on-year in November, marking a ninth successive month of annual growth.
Output in the EU and the US posted annual gains of 3.7% and 13.8% to reach 12.9 Mt and 7.2 Mt, respectively.
With the exception of China, all major Asian steel producers experienced year-on-year increases in output, production in India (+2.2% to 9.8 Mt), Japan (+10.7% to 8.0 Mt) and South Korea (+2.7% to 5.9 Mt) all rose.
By contrast, the previously reported 22.0% drop in Chinese crude steel production to 69.3 Mt marked the second month in a row that the country has accounted for less than half of global output.