Loading price data
Scrap Monster
Access the
Platform
ScrapMonster has become North America's largest scrap trading platform with 100,311 members and the trusted source for scrap prices, news, and information. Join Today!
Steel News September 26, 2022 08:30:31 PM

Global Crude Steel Output Dipped in Jan-Aug '22

Paul Ploumis
ScrapMonster Author
The African countries witnessed 7.4% dip in output to 9.7 Mt during the eight-month period.

Global Crude Steel Output Dipped in Jan-Aug '22

SEATTLE (Scrap Monster): The world crude steel production by the 64 countries reporting to the World Steel Association (worldsteel) totalled 1,253.9 million tonnes (Mt) during the initial eight-month period of the current year. This is substantially down by 5.1% when compared with the production during the period from January to August in 2021.

The largest regional producer of steel during the period was Asia and Oceania region, which recorded a cumulative output of approximately 925.1 Mt. The region accounted for approximately 74% of the total global production. The regional output dropped by 4.3% over the previous year. The second largest producer was the block of EU-27 countries, whose output recorded notable year-on-year decline by 6.9% to 95.3 Mt. In third place was North America with a year-to-date production of 76.0 Mt. The production by the region posted marginal decline by 3.6% over Jan-Aug‘21.

The Russia & Other CIS + Ukraine region recorded significant decline by 18.2% in output to 59.10 Mt. The South American output, at 29.2 Mt, was down modestly by 4.1%, when matched with the previous year. The Middle East output edged higher significantly by 6.9% to 7.40 Mt, becoming the only region to witness surge in output year-on-year. The African countries witnessed 7.4% dip in output to 9.7 Mt during the eight-month period.

YOU MAY ALSO BE INTERESTED IN:

Global Crude Steel Production Recorded Notable Dip in August

AISI Posted Substantial Decline in U.S. Raw Steel Output

×