World Crude Steel Production Surged 15% in March
Posted on 27 April 2021
The world crude steel production by 64 countries reporting to the World Steel Association (worldsteel) totalled 169.2 million tonnes (Mt) in March this year, higher by 15.2% compared to March 2020.
The largest steel producing region was the Asia and Oceania, whose output totalled 123.8 Mt in March this year. The second largest producer was the EU-27 region, with an output of 13.6 Mt. In third place was North America, which recorded an output of 9.7 Mt. The output (in Mt) by the other regions is as follows: Africa (1.5), CIS (9.1), Other Europe (4.4), Middle East (3.6) and South America (3.6).
All regions recorded year-on-year surge in crude steel output. The African region’s production skyrocketed by 25%. The production by Asia and Oceania and EU-27 regions were up by 17.6% and 17.5% respectively. Other Europe too saw double-digit jump in output by 10.5%. The South American crude steel output was up by 8.1%, whereas CIS region saw its output up by 7% over the previous year. The Middle East production recorded 6.6% surge. Meantime, the North American steel output edged higher marginally by 0.1%.
The topmost steel producing country was China, with an output of 94.0 Mt in March 2021. The other key producers were India (10 Mt) and Japan (8.3 Mt).Source : Scrap Monster