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19 Jun

Italian crude output continues to fall

Italian crude steel output fell again in May, by 3.5% year-on-year to 1.1 million tonnes, local steelmakers’ association Federacciai confirms. In the first five months of the year, production slipped by 5% on-year to 9mt, Federacciai says in a note obtained by Kallanish. In May the association noticed a “different output dynamic” between long and flat products. Flat steel production fell by 7.5% to 765,000t in May and by 9.9% to 3.7mt over Janua…
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