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Real Economy News in Real Time
R/€ = 19.01 Change: 0.01
R/$ = 16.94 Change: 0.00
Au 1702.16 $/oz Change: -18.16
Pt 832.60 $/oz Change: 1.12
 
 
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Global steel production down 13% y/y

22nd May 2020 BY: Donna Slater
Creamer Media Staff Writer and Photographer

World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) decreased by 13% year-on-year to 137.1-million tonnes in April.

Africa's output decreased by 55.7% year-on-year to 603 000 t, with South Africa's output having decreased by 99.5%.

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Resulting from ongoing difficulties presented by the Covid-19 pandemic, worldsteel notes that much of April’s figures are estimates that may be revised in May’s production update.

Major producer China produced 85-million tonnes of crude steel in April, an increase of 0.2% compared with April 2019, while India produced 3.1-million tonnes, down 65.2% on April 2019.

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Japan produced 6.6-million tonnes of crude steel in April, down 23.5% on April 2019, while production in the European Union is estimated to be 10.73-million tonnes in April, down 22.9% on April 2019.

The US produced five-million tonnes of crude steel in April, a decrease of 32.5% compared to April 2019, while production in the Commonwealth of Independent States was estimated to be 6.55-million tonnes in April, down 22.6% on April 2019.

Ukraine produced 1.4-million tonnes of crude steel in April, down 30.9% on April 2019, while Brazil produced 1.8-million tonnes of crude steel production in April, down by 39.0% on April 2019.

Turkey’s crude steel production for April 2020 was 2.2-million tonnes, down by 26.3% on April 2019. 

EDITED BY: Chanel de Bruyn Creamer Media Senior Deputy Editor Online
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