Worldsteel: Global crude steel output up by 16.5% YOY in May
2021-06-30 14:44:14 [Print]
The crude steel production of the 64 countries reporting to the World Steel Association (worldsteel) was 174.4 million tonnes (MT) in May 2021, a 16.5 per cent increase compared to May 2020.
According to the worldsteel data, China remained the global leader in the production of steel in May, registering 6.6 percent year-on-year growth in output at 99.5 MT during the month. China had produced 92.3 MT of steel in the same month last year.
India registered a 46.9 per cent year-on-year growth in its crude steel output at 9.2 MT in May. The country had produced 5.8 MT steel in the same month a year ago.
Last month, Japan's output increased to 8.4 MT from 5.9 MT in May 2020. The US produced 7.2 MT steel in the month under review. Its output was at 4.8 MT in May 2020. While Russia's output last month was at 6.6 MT, South Korea produced 6 MT, Germany 3.5 MT, and Iran 2.6 MT. Turkey and Brazil both produced 3.2 MT of crude steel each in May 2021.
According to the worldsteel data, China remained the global leader in the production of steel in May, registering 6.6 percent year-on-year growth in output at 99.5 MT during the month. China had produced 92.3 MT of steel in the same month last year.
India registered a 46.9 per cent year-on-year growth in its crude steel output at 9.2 MT in May. The country had produced 5.8 MT steel in the same month a year ago.
Last month, Japan's output increased to 8.4 MT from 5.9 MT in May 2020. The US produced 7.2 MT steel in the month under review. Its output was at 4.8 MT in May 2020. While Russia's output last month was at 6.6 MT, South Korea produced 6 MT, Germany 3.5 MT, and Iran 2.6 MT. Turkey and Brazil both produced 3.2 MT of crude steel each in May 2021.
