Global Steel production up 5% in March on robust Chinese figures

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BiznextIndia : World crude steel production for the 64 countries reporting to the World Steel Association has increased by 4.9% year on year (YoY) to 155.0 million tonnes (MnT) in March, backed by impressive China figures. Chinese steel output during the month has increased by 10% to 80.3 MnT.

Meanwhile, India’s crude steel output during the month has slipped marginally by 1% to 9.4 MnT.Japan produced 9.1 Mt of crude steel in March 2019, unchanged from what it produced in March 2018. South Korea’s crude steel production stood at 6.3 Mt, up 2.8% on March 2018.

World crude steel production was 444.1 Mt in the first three months of 2019, up by 4.5% compared to the same period in 2018. Asia produced 312.9 Mt of crude steel, an increase of 7.0% over the first quarter of 2018. The EU produced 42.3 Mt of crude steel in the first quarter of 2019, down by 2.0% compared to the same quarter of 2018. North America’s crude steel production in the first three months of 2019 was 30.7 Mt, an increase of 4.0% compared to the first quarter of 2018.

In the EU, Italy’s crude steel production for March 2019 was 2.3 Mt, down by 0.3% on March 2018. France produced 1.4 Mt of crude steel in March 2019, an increase of 2.3% compared to March 2018. Spain produced 1.4 Mt of crude steel in March 2019, an increase of 5.9% on March 2018. The US produced 7.8 Mt of crude steel in March 2019, a 5.7% increase on March 2018. Crude steel production in Ukraine stood at 2.0 Mt in March 2019, up 15.0% on March 2018. Brazil’s crude steel production for March 2019 was 2.8 Mt, down by 8.6% on March 2018. Turkey’s crude steel production for March 2019 was 3.0 Mt, down by 11.7% on March 2018.

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