Metal Price
Scrap Monster
Vulcan
Steel News June 29, 2020 10:00:07 PM

Crude Steel Output by Asian Countries Dipped 3.3%

Paul Ploumis
ScrapMonster Author
Apart from China, only Vietnam recorded increased production during the month.
Crude Steel Output by Asian Countries Dipped 3.3%

SEATTLE (Scrap Monster): The steel production statistics published by the World Steel Association (worldsteel) suggests over 3.3% decline in output by Asian region during the month of May this year. This is despite notable production surge in China- the world’ds largest producer and Vietnam.

The Asian crude steel production totalled 113.456 million tonnes (Mt) during the month, down by 3.3% when compared with the production of 117.384 Mt in the same month a year before. The Chinese crude steel output totalled 92.267 Mt, recording a surge of 4.2% over the previous year. The country accounted for more than 82% of the total regional production. Japan continued to remain as the second largest producer in the region, with an output totalling 5.916 Mt, significantly down by 31.8% when matched with the previous year. In third place was India with yearly output of 5.767 Mt.

ALSO READ:

EU-28 Countries Extended Slump in Crude Steel Production

MIddle East Countries' Steel Output Saw Substantial Decline

Apart from China, only Vietnam recorded increased production during the month. The Vietnamese production surged higher by 11.4% to total 1.949 Mt. The largest year-on-year decline in output was recorded in Pakistan, whose output plunged by 69% year-on-year from 290,000 tonnes to 90,000 tonnes.

The Asian crude steel production totalled 532.285 Mt during Jan-May ‘20. The leading producers during this period were China (411.751 Mt), Japan (36.604 Mt) and Indian (35.851 Mt).