Posted on 26 Aug 2020
According to the recent data published by the World Steel Association, the crude steel production by North American countries plunged lower by 28% during the month of July year-on-year. The production totalled 7.209 million tonnes (Mt) in July this year as against 10.019 Mt recorded in the same month a year before.
The total crude steel production by Canada during July this year was 800,000 t, down significantly by 24.5% when compared with the July 2019 production. The US produced 5.241 Million tonnes of crude steel, considerably lower by 29.4% when compared to 7.419 Mt of production achieved during a year before. The total crude steel production by Mexico edged lower by 22.6% from 1.486 Mt in July ‘19 to 1.150 Mt in July this year.
The Cuban crude steel production fell sharply by 73.3% year-on-year to around 5,000 tonnes. The crude steel output by El Salvador was estimated at 3,000 tonnes in July this year, down 68.6% when compared with July last year. Guatemala produced 10,000 tonnes, substantially down by 61.6% when compared with the production during the same month a year before.
The cumulative crude steel output by the region during the initial seven-month period of the year totalled 57.621 Mt, which is down by nearly 19% over the year. The North American region had produced 70.898 Mt of crude steel during Jan-Jul ’19.
Source:Scrap Monster
