Steel Output Recorded Notable Dip in September, Says worldsteel

SEATTLE (Scrap Monster): The World Steel Association (worldsteel) announced details of crude steel production by world countries during the month of September this year. The global output witnessed a decline by 3.7% during the month.

As per monthly statistics published yesterday, the global crude steel output totalled 151.7 million tons (Mt) in September 2022. This is down by 3.7% when compared with the same month a year before. The year-to-date output totalled 1,405.2 Mt, which is down by almost 4.3% from Jan-Sep ’21 output.

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The largest steel producer was the Asia and Oceania region, which recorded an output of 113.0 Mt during the month. The regional output recorded significant increase by 10.6% from the prior year. The region’s cumulative steel output during the first three quarters of the year was down modestly by 2.9% to total 1,037.9 Mt.

In second place was the EU-27 countries, whose combined output totalled 10.7 Mt in September and 105.8 Mt in Jan-Sep ’22. The monthly and year-to-date steel output by the region recorded notable declines by 16.7% and 8.2% respectively.

The crude steel output by the Middle East region surged significantly by 15.4% in September 2022 to total 3.8 Mt. The Jan-Sep ’22 output too stood higher by 7.9% over the previous year. The Russia & Other CIS+ Ukraine region witnessed the largest fall in output year-on-year. The output by the region dropped by 21.9% to 6.7 Mt.