World Steel production falls 3.5% in May ; India output up 17%

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Biznextindia : World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) dropped by 3.5% to 169.5 million tonnes (Mt) in May 2022.

According to the data released by world steel, China, the world’s top steelmaker reported a 3.5% drop in steel production to 96.5 Mt.

However, second largest steel producer India has reported 17.1% rise in steel output to 10.6 Mt.
Meanwhile, other leading steel producing countries have reported drop in steel production during the month. Japan produced 8.1 Mt, down 4.2%. The United States produced 7.2 Mt, down 2.6%. Russia is estimated to have produced 6.4 Mt, down 1.4%. South Korea produced 5.8 Mt, down 1.4%. Germany produced 3.2 Mt, down 11.5%. Turkey produced 3.2 Mt, down 1.4%. Brazil produced 3.0 Mt, down 4.9%. Iran is estimated to have produced 2.3 Mt, down 17.6%.

Crude steel production by region :

Africa produced 1.1 Mt in May 2022, down 18.9% on May 2021. Asia and Oceania produced 126.8 Mt, down 1.7%. The EU (27) produced 12.9 Mt, down 6.8%. Europe, Other produced 4.1 Mt, down 1.7%. The Middle East produced 3.5 Mt, down 10.0%. North America produced 9.9 Mt, down 4.0%. Russia & other CIS + Ukraine produced 7.4 Mt, down 19.1%. South America produced 3.8 Mt, down 2.8%.

 

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