World Crude Steel Output Soared 15% in March

SEATTLE (Scrap Monster): The world crude steel production by 64 countries reporting to the World Steel Association (worldsteel) totalled 169.2 million tonnes (Mt) in March this year, higher by 15.2% compared to March 2020.

The largest steel producing region was the Asia and Oceania, whose output totalled 123.8 Mt in March this year. The second largest producer was the EU-27 region, with an output of 13.6 Mt. In third place was North America, which recorded an output of 9.7 Mt. The output (in Mt) by the other regions is as follows: Africa (1.5), CIS (9.1), Other Europe (4.4), Middle East (3.6) and South America (3.6).

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All regions recorded year-on-year surge in crude steel output. The African region’s production skyrocketed by 25%. The production by Asia and Oceania and EU-27 regions were up by 17.6% and 17.5% respectively. Other Europe too saw double-digit jump in output by 10.5%. The South American crude steel output was up by 8.1%, whereas CIS region saw its output up by 7% over the previous year. The Middle East production recorded 6.6% surge. Meantime, the North American steel output edged higher marginally by 0.1%.

The topmost steel producing country was China, with an output of 94.0 Mt in March 2021. The other key producers were India (10 Mt) and Japan (8.3 Mt).