World Crude Steel production dips 9% in September as Chinese output falls to the lowest in 4 years

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Biznextindia : World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) dipped by 8.9 percent year-on-year (YoY) to 144.4 million tonnes (Mt) in September 2021.

The dip in crude steel production is mainly due to sharp fall in Chinese Steel output by 21.2 percent to 73.75 million tonnes (MT) in September 2021. In fact, China’s monthly steel output fell to the lowest since December 2017 as Chinese mills cut production due to tight power supply triggered by coal scarcity.

India, the second largest steel producer has reported 7.2 percent rise in steel production to 9.5 MT. World’s third largest producer Japan has also reported 25.6 percent rise in steel output to 8.1 MT.

On the other hand, United States produced 7.3 Mt, up 22.0%. Russia is estimated to have produced 5.9 Mt, down 2.2%. South Korea produced 5.5 Mt, down 5.0%. Germany produced 3.3 Mt, up 10.7%. Turkey produced 3.3 Mt, up 2.4%. Brazil produced 3.1 Mt, up 15.3%. Iran is estimated to have produced 1.3 Mt, down 51.4%.

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