North American Steel Output Dipped

SEATTLE (Scrap Monster): The monthly crude steel production data published by the World Steel Association (worldsteel) suggests marginal decline in output in the North American countries during February 2020.

Region-wise, output by North America was 9.583 million tonnes (Mt), which compares with the output of 9.714 Mt recorded in the same month a year before. Over the year, the output witnessed 1.3% decline.

The top regional steel producer was the U.S., whose output hit 7.168 Mt. The U.S. output edged higher by 3% from the previous year. Despite 19.3% year-on-year decline in output, Mexico continued to be the second largest producer of crude steel in the region. The Mexican output totalled 1.340 Mt during the month. In third place was Canada, with an output of 1.020 Mt, down by 2.5% year-on-year.

The highest jump in production was recorded in El Salvador, where the output surged higher significantly by 17.8%. The steel output by Cuba and Guatemala too were up by 13.1% and 0.1% respectively.

The North American countries recorded production of 19.813 Mt in Jan-Feb ’20. The regional production had totalled 20.087 Mt in Jan-Feb ’19. The largest steel producers were the U.S. (14.824 Mt), Mexico (2.769 MT) and Canada (2.110 Mt).

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