World Steel output fall 6.5% in July due to drop in Chinese, Indian production

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Biznextindia : World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) dropped by 6.5% ( year on year) to 149.3 million tonne, mainly due to drop in Chinese and Indian steel output.

China, the World’s dominant steel producer, produced 81.4 Mt in July 2022, down 6.4% on July 2021. India, the second largest steel producer, produced 10.1 Mt, up 3.2%. Japan, the 3rd largest producer, produced 7.3 Mt, down 8.5%.

The United States produced 7.0 Mt, down 6.4%. Russia is estimated to have produced 5.5 Mt, down 13.2%. South Korea produced 6.1 Mt, down 0.6%. Germany produced 3.0 Mt, down 2.0%. Turkey produced 2.7 Mt, down 20.7%. Brazil produced 2.8 Mt, down 8.7%. Iran produced 2.0 Mt, up 34.1%.

Crude steel production by region

Africa produced 1.2 Mt in July 2022, down 5.4% on July 2021. Asia and Oceania produced 110.1 Mt, down 5.2%. The EU (27) produced 11.7 Mt, down 6.7%. Europe, Other produced 3.5 Mt, down 16.5%. The Middle East produced 3.2 Mt, up 24.2%. North America produced 9.6 Mt, down 5.4%. Russia & other CIS + Ukraine produced 6.4 Mt, down 29.1%. South America produced 3.6 Mt, down 7.8%.

 

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