Cookie & Privacy Policy

This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies. View the privacy policy to find out more here.

Kallanish Kallanish

Knowledge matters Knowledge matters

December, 3rd 2021

Free Trial Buy Subscription
OCT 26
14:34

China drags down global output despite EU strength

1498 Views

Crude steel production in the 64 countries reporting to the World Steel Association (worldsteel) fell for a second consecutive month in September, by 9% on-year to 144.4 million tonnes. The drop was again the result of curbed production in China, Kallanish notes.

Compared to August, global output fell 6%.

Chinese crude steel production slumped 21% on-year in September to 73.75mt. However, Indian and Japanese output rose 7% and 26% respectively to 9.5mt and 8.1mt. South Korean and Vietnamese output fell 5% and 2% respectively to 5.46mt and 1.76mt.

EU27 output grew 16% in September to 12.7mt. German and Italian output increased 11% and 28% respectively to 3.34mt and 2.3mt. Spanish and French output rose 29% and 18% respectively to 1.2mt and 1.14mt.

EU27 output also rose 14% compared to August.

Turkish production grew 2.4% on-year to 3.3mt.

US production continued its strong resurgence, rising 22% in September to 7.29mt, while Brazilian output was up 15% to 3.05mt.

CIS production fell 1% to 8.23mt, with Russian output estimated down 2% to 5.86mt but Ukrainian output confirmed up 3% to 1.7mt.

Global crude steel production in January-September still grew 7.8% on-year to 1.46 billion tonnes, but slowed from 11% growth after eight months.

Adam Smith Germany