Middle East Crude Steel Production Down 22%

SEATTLE (Scrap Monster):  The crude steel production by Middle East countries recorded notable decline in the month of April 2020. The output remained more or less flat during the year-to-date period.

The production data published by the World Steel Association (worldsteel) indicates that the regional production totalled 2.566 million tonnes (Mt) in April this year. The output was down by 22% from a year ago. The region had produced 3.289 Mt of crude steel in April 2019.

All countries in the region posted year-on-year dip in output. Iran’s crude steel production totalled 1.790 Mt, falling by 17.8% from the corresponding month a year before. Qatar recorded the largest decline during the month. The country’s output dropped from 192,000 tonnes to 49,000 tonnes. The Saudi Arabian output totalled 612,000 tonnes, down by 6% year-on-year. The production by the UAE tumbled by over 57% from 269,000 tonnes to 115,000 tonnes.

The regional production, at 12.787 Mt in Jan-Apr ’20, was flat when matched with the output of 12.798 Mt in the corresponding four-month period in 2019. The topmost producers in the region were Iran (8.490 Mt), Saudi Arabia (2.704 Mt), the UAE (972,000 tonnes) and Qatar (621,000 tonnes).

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