World crude steel output dips 11% on sharp fall in Chinese output

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Biznextindia : World crude steel production dropped by 10.6 percent (YoY) to 145.7 million tonnes (Mt) in October 2021, mainly due to sharp drop in Chinese Steel output, the world Steel Association said.

China, the world’s dominant steel producer reported a 23.3 percent (YoY) fall in crude steel production to 71.6 Mt. India, the world’s second largest steel producer reported marginal 2.4 percent rise in steel production to 9.8 Mt.
Meanwhile, Japan, the 3rd largest steel producer, produced 8.2 Mt, up 14.3%.

The United States produced 7.5 Mt, up 20.5%. Russia is estimated to have produced 6.1 Mt, down 0.5%. South Korea produced 5.8 Mt, down 1.0%. Germany produced 3.7 Mt, up 7.0%. Turkey produced 3.5 Mt, up 8.0%. Brazil is estimated to have produced 3.2 Mt, up 10.4%. Iran is estimated to have produced 2.2 Mt, down 15.3%.

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