World Crude Steel Output Dipped Substantially in November

SEATTLE (Scrap Monster): The world crude steel production by 64 countries reporting to the World Steel Association (worldsteel) totalled 143.3 million tonnes (Mt) in the month of November 2021. This is down significantly by 9.9% compared with the same month a year before.

The largest steel producing region was the Asia and Oceania, whose output totalled 98.3 Mt in November this year. The second largest producer was the EU-27 region, with an output of 12.9 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 (8.8), Other Europe (4.3), Middle East (3.8) and South America (3.9).

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The African output recorded the biggest surge, rising by 37.4% from the prior year month. The North American and the EU-27 regions recorded surge in output by 9.3% and 3.7% respectively. The South American region’s production soared by almost 3.5%. Other Europe too saw modest jump in output by 4.4%. Also, the CIS region saw its output increase modestly by 5.8% over the previous year. On the other hand, the Asia and Oceania region production recorded sharp year-on-year decline by 15.5%. Also, the Middle East region recorded dip in output by 5.3%.

The topmost steel producing country was China, with an output of 69.3 Mt in November this year. The other key producers were India (9.8 Mt) and Japan (8.0 Mt).