World crude Steel production up 5.4% in May on robust China figures

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Biznextindia :  World crude Steel production increased by 5.4% to 162.7 million tonnes in May 2019, backed by robust output growth in China and India, the world’s top two steel producers, according to the data released by the World Steel Association.

“China’s crude steel production for May 2019 was 89.1 Mt, an increase of 10.0% compared to May 2018. India produced 9.2 Mt of crude steel in May 2019, up 5.1% on May 2018. Japan produced 8.7 Mt of crude steel in May 2019, down 4.6% on May 2018. South Korea’s crude steel production stood at 6.4 Mt, up 2.2% on May 2018”the Worldsteel report said.

In 2018, China had produced total 928 million tonnes of steel followed by India with 106.5 million tonnes and Japan with 104.3 million tonnes.

In the EU, Italy’s crude steel production for May 2019 was 2.2 Mt, up by 1.1% on May 2018. France produced 1.2 Mt of crude steel in May 2019, a decrease of 7.6% compared to May 2018. Spain produced 1.3 Mt of crude steel in May 2019, down by 7.1% on May 2018. The US produced 7.7 Mt of crude steel in May 2019, a 5.4% increase on May 2018. Crude steel production in Ukraine was 1.8 Mt in May 2019, up 7.8% on May 2018. Brazil’s crude steel production for May 2019 was 2.8 Mt, up by 2.9% on May 2018. Turkey’s crude steel production for May 2019 was 3.1 Mt, down 8.0% on May 2018.

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