Middle East Crude Steel Output Witnessed Substantial Decline

SEATTLE (Scrap Monster):  The crude steel production by Middle East countries recorded significant decline in the month of September this year. Also, the output reported marginal decline during the year-to-date period.

The production data published by the World Steel Association (worldsteel) indicates that the regional production totalled 3.105 million tonnes (Mt) in September this year. The output was down by 11% from the year ago month. The region had produced 3.489 Mt of crude steel in September last year.

All countries in the region posted year-on-year dip in output. Iran’s crude steel production totalled 2.260 Mt, down by 2.2% from the corresponding month a year before. Qatar recorded the largest year-on-year decline of approximately 64% during the month. The country’s output dropped from 222,000 tonnes to 80,000 tonnes. The Saudi Arabian output totalled 533,000 tonnes, down by almost 20% year-on-year. The production by the UAE tumbled by more than 20% from 293,000 tonnes in September 2019 to 233,000 tonnes in the same month this year.

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The regional production, at 29.254 Mt in Jan-Sep ’20, registered decline by 1.9%, when matched with the output of 29.830 Mt in the corresponding nine-month period in 2019. The topmost producers in the region were Iran (20.822 Mt), Saudi Arabia (5.416 Mt) and the UAE (2.011 Mt).