Daily Management Review

Global steel production falls in January


Global steel production in January stood at 155 million tonnes, down 6.1% year-on-year, according to World Steel Association (WSA) data.

CIS countries, according to preliminary data, increased steel output by 2.1% to 9 million tonnes. EU countries produced 11.5 million tonnes of steel (down 6.8%), including Germany - 3.3 million (down 1.4%). The remaining European countries reduced steel production by 4.7% to 4.1 million tonnes.

Steel production in Asia and Oceania decreased by 8.2% to 111.7 million tonnes, including an 11.2% decrease in China to 81.7 million; in India an increase of 4.7% to 10.8 million. North America produced 10 million tonnes (up 2.5%), including a 4.2% increase in the USA to 7.3 million tonnes. South America decreased steel production by 3.3% to 3.7 million tonnes, including Brazil's 4.8% increase to 2.9 million tonnes.

Africa produced 1.2 million tonnes of steel (up 3.3%), the Middle East 3.9 million (up 16.1%), including 2.8 million tonnes in Iran (up 20.3%).

Global steel production, according to WSA, totalled 1.912 billion tonnes last year, up 3.6% compared with 2020.

source: worldsteel.com