World Crude Steel Output Dipped Substantially in October

The largest steel producing region was the Asia and Oceania, whose output totalled 100.7 Mt in October this year.

SEATTLE (Scrap Monster): The world crude steel production by 64 countries reporting to the World Steel Association (worldsteel) totalled 145.7 million tonnes (Mt) in the month of October this year, down significantly by 10.6% compared to the same month a year before.

The largest steel producing region was the Asia and Oceania, whose output totalled 100.7 Mt in October this year. The second largest producer was the EU-27 region, with an output of 13.4 Mt. In third place was North America, which recorded an output of 10.2 Mt. The output (in Mt) by the other regions is as follows: Africa (1.4), CIS (8.2), Other Europe (4.2), Middle East (2.2) and South America (3.9).

ALSO READ:

worldsteel Unveiled Latest Figures for Sustainability Indicators

worldsteel Expects Chine Steel Sector Demand to See Negative Growth

The African output surged the most, rising by 24.1% from the prior year month. The North American and the EU-27 regions recorded surge in output by 16.9% and 6.4% respectively. The South American region’s production soared by almost 12.1%. Other Europe too saw modest jump in output by 7.7%. On the other hand, the CIS region saw its output decrease marginally by 0.2% over the previous year. The Middle East production recorded sharp year-on-year decline by 12.7%. Also, the Asia and Oceania region recorded dip in output by 16.6%.

The topmost steel producing country was China, with an output of 71.6 Mt in October this year. The other key producers were India (9.8 Mt) and Japan (8.2 Mt).

• Panama President Sees No Environmental Threat from Copper at Closed First Quantum Mine
• Consumers Sue Exxon, Dow, Others over Plastic Recycling Claims
• VLS Environmental Solutions Announces Acquisition of Clearfield MMG in Virginia
• December 19, 2024: Scrap Gold and Platinum Prices Dipped, Silver Up on the Index