Crude Steel Output by Asian Countries Dipped 3.3%

SEATTLE (Scrap Monster): The steel production statistics published by the World Steel Association (worldsteel) suggests over 3.3% decline in output by Asian region during the month of May this year. This is despite notable production surge in China- the world’ds largest producer and Vietnam.

The Asian crude steel production totalled 113.456 million tonnes (Mt) during the month, down by 3.3% when compared with the production of 117.384 Mt in the same month a year before. The Chinese crude steel output totalled 92.267 Mt, recording a surge of 4.2% over the previous year. The country accounted for more than 82% of the total regional production. Japan continued to remain as the second largest producer in the region, with an output totalling 5.916 Mt, significantly down by 31.8% when matched with the previous year. In third place was India with yearly output of 5.767 Mt.

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Apart from China, only Vietnam recorded increased production during the month. The Vietnamese production surged higher by 11.4% to total 1.949 Mt. The largest year-on-year decline in output was recorded in Pakistan, whose output plunged by 69% year-on-year from 290,000 tonnes to 90,000 tonnes.

The Asian crude steel production totalled 532.285 Mt during Jan-May ‘20. The leading producers during this period were China (411.751 Mt), Japan (36.604 Mt) and Indian (35.851 Mt).