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23 Apr
13:36

China, EU drag down March global output

Global crude steel production fell 4.3% on-year in March to 161.19 million tonnes, although this was up over 10mt on February. Weaker Chinese and EU output were the main drivers of the on-year drop, Kallanish notes from worldsteel data. Chinese production slid 7.8% on-year in March to 88.27mt, while Japanese and Korean production were down 4% and 9.5% respectively to 7.2mt and 5.28mt. Indian output however surged 7.8% to 12.7mt. Japanese and Korean output neverth…
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