Middle East’s crude steel output rose by 10.9 per cent
World crude steel production in August this year decreased by 1.4 per cent year on year (yoy) to 156.8 million metric tonnes, according to the World Steel Association (worldsteel).
In the January to August period this year, world crude steel production totaled 1.32 billion mt, up by 10.6 per cent yoy.
In Asia, crude steel output amounted to 112.7 million mt in August, down 7.3 per cent, with 83.2 million mt produced by China, down 13.2 per cent as compared to the same month last year.
Japan’s crude steel output stood at 7.9 million mt, increasing by 22.9 per cent while India’s at 9.9 million mt, increasing by 8.2 per cent. South Korea produced 6.1 million mt, rising by 6.2 per cent - with all comparisons on yoy basis.
The EU (27) countries produced 11.6 million mt of crude steel in August, up by 27.1 per yoy. In the given period, Germany’s output was 3.0 million mt, up 6.7 per cent yoy.
Turkey produced 3.5 million mt of crude steel in the month under review, up 7.1 per cent compared to the same month in the previous year. The CIS registered a crude steel output of 8.8 million mt, increasing by 3.6 per cent on yoy basis. Russia’s estimated output was at 6.3 million mt, up by 4.4 per cent yoy.
In North America, in August, crude steel output totalled 10.2 million mt, rising by 24.4 per cent with the US producing 7.5 million mt, rising by 26.8 per cent, both yoy.
Crude steel output in South America in August amounted to 4.0 million mt, increasing by 17.2 per cent compared to the same month in the previous year, with Brazil’s output totaling 3.1 million mt, rising by 14.1 per cent yoy.
In the given month, Africa produced 1.3 million mt of crude steel, up by 38.2 per cent. In the Middle East, crude steel output totaled 3.6 millon mt, rising by 10.9 per cent, with Iran’s estimated output at 2.5 million mt, increasing by 8.7 per cent, as against the same month last year.
The data released covers the 64 countries which report to worldsteel, and which accounted for around 98 per cent of world crude steel production in 2020.
