Biznextindia: World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) has declined by 2.5 per cent to 152.7 million tonnes (Mt) in July 2020.
As per the monthly data released by the World Steel Association, China, the world’s largest steel producer, has produced 93.4 Mt of crude steel in July 2020, an increase of 9.1% compared to July 2019. However, Japan’s steel output has dropped by 27.9 per cent (year on year) to 6.0 Mt of crude steel in July 2020. South Korea’s steel production has also dropped by 8.3 per cent to 5.5 Mt.
Meanwhile, Germany produced 2.4 Mt of crude steel in July 2020, down 24.7% on July 2019. Production in the EU overall is estimated to be 9.8 Mt of crude steel in July 2020, down by 24.4% on July 2019. The United States produced 5.2 Mt of crude steel in July 2020, a decrease of 29.4% compared to July 2019. Production in the C.I.S. is estimated to be 8.1 Mt in July 2020, down 5.8% on July 2019. Ukraine produced 1.8 Mt of crude steel in July 2020, down 1.9% on July 2019. Turkey’s crude steel production for July 2020 was 3.1 Mt, up by 7.4% on July