World crude Steel output up 3.4% in August

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Biznextindia : World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) increased by 3.4% to 156.0 million tonnes (Mt) in August 2019 as compared to August 2018. However, World crude steel output was 156.7 Mt in July 2019.

China, the world’s top steelmaker, has produced 87.3 Mt, an increase of 9.3% compared to August 2018. Japan produced 8.1 Mt of crude steel in August 2019, down 7.8% on August 2018. South Korea’s crude steel production was 5.9 Mt in August 2019, a decrease of 2.6% on August 2018.

In the EU, Germany produced 3.3 Mt of crude steel in August 2019, up by 0.8% on August 2018. Italy produced 0.9 Mt of crude steel in August 2019, down by 26.7% on August 2019. France produced 1.1 Mt of crude steel in August 2019, an increase of 11.2% compared to August 2018. Spain produced 1.1 Mt of crude steel in August 2019, down by 4.6% on August 2018.

The US produced 7.5 Mt of crude steel in August 2019, an increase of 0.3% compared to August 2018. Brazil’s crude steel production for August 2019 was 2.5 Mt, down by 13.4% on August 2018. Turkey’s crude steel production for August 2019 was 2.6 Mt, down by 12.4% on August 2018. Crude steel production in Ukraine was 1.9 Mt this month, up 8.5% on August 2018.

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