World crude steel output down 3.5 percent in May

Wednesday, 22 June 2022 14:43:15 (GMT+3)   |   Istanbul
       

Global crude steel production in May this year decreased by 3.5 percent year on year to 169.5 million mt, according to the World Steel Association (worldsteel).

In May, crude steel output in Asia amounted to 126.8 million mt, down by 1.7 percent, with China’s estimated output at 96.6 million mt, down 3.5 percent, 8.1 million mt produced by Japan, decreasing by 4.2 percent, 10.6 million mt produced by India, increasing by 17.3 percent, and 5.8 million mt produced by South Korea, falling by 1.4 percent - with all comparisons on year-on-year basis.

EU-27 countries produced 12.9 million mt of crude steel in May, down by 6.8 percent year on year. In the given period, Germany’s output was 3.2 million mt, down 11.5 percent year on year.

Turkey produced 3.2 million mt of crude steel in May, with a 1.4 percent decrease compared to the same month in the previous year. The CIS registered a crude steel output of 7.4 million mt, dropping by 19.1 percent on year-on-year basis, with Russia’s estimated output at 6.4 million mt, down 1.4 percent year on year.

In North America, in May, crude steel output totaled 9.9 million mt, falling by four percent, with the US producing 7.2 million mt, falling by 2.6 percent, both year on year. Crude steel output in South America in May amounted to 3.8 million mt, decreasing by 2.8 percent compared to the same month in the previous year, with Brazil’s output totaling 3 million mt, falling by 4.9 percent year on year.

In the given month, Africa produced 1.1 million mt of crude steel, down by 18.9 percent year on year. In the Middle East, crude steel output totaled 3.5 million mt, falling by 10 percent, with Iran’s estimated output at 2.3 million mt, decreasing by 17.6 percent, both year on year.


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