World Crude Steel Output Recorded Faster Growth of 6.4% in April

SEATTLE (Scrap Monster): The crude steel production by world countries recorded significant surge during the month of April this year. In accordance with the latest statistics published by the World Steel Association (worldsteel), the global crude steel output surged higher by 6.4% in April this year, upon comparison with the same month a year before. This is based on the output by 64 steel producing countries, which accounted for approximately 99% of the world crude steel production in 2017.

The Apr ’19 crude steel production totaled 156.671 million tonnes (Mt), as compared with the production of 147.245 Mt in April last year.

The production jump was led by the Asian region, whose output surged higher by 9.5% year-on-year. The Chinese production exceeded regional growth, surging higher by 12.7% over the previous year. The African crude steel production skyrocketed by 23.5%. The North American and Middle East production edged higher by 3.8% and 1.5% respectively. On the contrary, South American output dropped by almost 3%. The EU-28 and CIS region output was down by 4.2% and 3.7% respectively. The crude steel output by the Oceania region recorded a decline of 4.7% in April this year.

During Jan-Apr ’19, the production totaled 599.857 Mt, higher by 4.8% upon comparison with the output of 572.594 Mt during the initial four-month period in 2018. Asia, Africa, Middle East and North American regions reported production growth during this period.