worldsteel: World Crude Steel Output Dipped in April

SEATTLE (Scrap Monster): The world crude steel production by 71 countries reporting to the World Steel Association (worldsteel) totalled 155.7 million tonnes (Mt) in the month of April this year, significantly down by 5% when compared with the corresponding month a year before.

The largest steel producing region was the Asia and Oceania, whose output totalled 114.8 Mt during the month. The second largest producer was the EU-27 region, with an output of 11.3 Mt. In third place was the North American countries, which recorded an output of 8.9 Mt. The output (in Mt) by the other regions is as follows: Africa (1.8), Russia and other CIS+ Ukraine (7.4), Other Europe (3.4), Middle East (4.6) and South America (3.4).

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The crude steel production recorded year-on-year jump only in two regions- Africa and EU-27. The African region output surged the most, rising by 1.4% from the prior year month. The EU-27 region too saw nominal surge in output by 1.1%.

All other regions reported dip in production during the month. The largest production decline of 8.2% was recorded by the countries in the Middle East region. The other regions to record year-on-year decline in crude steel production volumes were the Asia & Oceania and North America, whose output declined by 5.8% and 5.2% respectively year-on-year. The South American crude steel output too went lower by 3.9%.

The Russia and Other CIS+ Ukraine output too was down by 3.5% upon comparison with April 2023. The Other Europe region recorded modest year-on-year dip in output by 2.6%.