World Crude Steel output up 15% in March on impressive China, India figure

Biznextindia : Backed by impressive production growth in China and India, World crude steel production grew by 15.2 per cent to 169.2 million tonnes (MT) in March 2021, according to the data released by World Steel Association (worldsteel).

China, the world’s largest steel producer, produced 94.0 Mt in March 2021, up 19.1% on March 2020. Steel production in India, the second largest producer grew by 23.9 per cent to 10 MT.  

On the other hand, Japan produced 8.3 Mt, up 4.6%. The United States produced 7.1 Mt, up 1.0%. Russia is estimated to have produced 6.6 Mt, up 9.4%. South Korea produced 6.1 Mt, up 4.7%. Germany is estimated to have produced 3.6 Mt, up 10.4%. Turkey produced 3.4 Mt, up 9.2%. Brazil produced 2.8 Mt, up 4.1%. Iran is estimated to have produced 2.6 Mt, up 10.7%.

In the January-March quarter world steel output grew by 10 per cent to 486.9 MT as compared to the same quarter of 2020.

Asia and Oceania produced 356.9 Mt of crude steel in the first quarter of 2021, an increase of 13.2% over the first quarter of 2020. The EU (27) produced 37.8 Mt of crude steel in the first quarter of 2021, up by 3.1% compared to the same quarter of 2020. North America’s crude steel production in the first three months of 2021 was 28.1 Mt, a decrease of 5.2% compared to the first quarter of 2020.