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23 Mar

February production drops despite China, Mid-East growth

Global crude steel production inched down 1% on-year in February to 142.35 million tonnes, despite estimated growth in China, as most regions except the Middle East saw declines. Production was also down 8% on January, despite a rebound in Europe, Kallanish notes. Chinese output was estimated to have grown 5.6% on-year in February to 80.06mt. India, a bright spot in 2022 amid declines in other regions, saw steel output drop 1% in February to 10.05mt. Japanese outp…
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