Crude steel production declines 6 percent globally in the first half of 2020

Crude steel production declines 6 percent globally in the first half of 2020
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World crude steel production for the 64 countries reporting to the World Steel Association (Worldsteel), Brussels, was 148.3 million metric tons in June of this year, a 7 percent decrease compared with production in June 2019. However, many of the figures for June of this year are estimates that may be revised with next month’s production update in light of the COVID-19 pandemic, the association says.

World crude steel production was 873.1 million metric tons in the first six months of 2020, down by 6 percent from the same period in 2019, according to Worldsteel. Asia produced 642 million metric tons of crude steel in the first half of 2020, 3 percent less than in the first half of 2019. The European Union produced 68.3 million metric tons of crude steel in the first half of 2020, 18.7 percent less than in the first half of 2019, while North America’s crude steel production in the first half of 2020 was 50.2 million metric tons, a decrease of 17.6 percent compared with the first half of 2019.

steel production chart

© Worldsteel
 

In June of this year, production in the Asia region, which Worldsteel defines as China, India, Japan, South Korea, Pakistan, Taiwan, Thailand and Vietnam, declined 2.3 percent compared with June of last year, while it declined 3 percent for the first half of the year. China produced 91.6 million metric tons of crude steel, or 4.5 percent more steel than it produced in June 2019. India produced 6.9 million metric tons of crude steel in June 2020, down 26.3 percent from June 2019. Japan produced 5.6 million metric tons of crude steel in June of this year, down 36.3 percent from June 2019. South Korea’s steel production for June was 5.1 million metric tons, a 14.3 decrease relative to June 2019. Vietnam posted a 13.4 percent increase in production, going from nearly 1.7 million metric tones in June 2019 to 1.92 million metric tons this June. For the first half of the year, that country saw its production increase 4.6 percent relative to the first half of 2019.

In the E.U., Germany produced 2.5 million metric tons of crude steel in June 2020, down 27.3 percent on June 2019, Worldsteel says. Italy produced 1.8 million metric of crude steel for the month, down 13 percent on June 2019. France and Spain each produced 0.8 million metric tons of crude steel in June 2020, down 34.9 percent and 31.5 percent, respectively, compared with June 2019.

In North America, steel production for June of this year declined 32.2 percent. The United States produced 4.7 million metric tons of crude steel in June 2020, a decrease of 34.5 percent compared with June 2019. For the first half of the year, the country’s steel production declined 182.3 percent from the same period in 2019, according to Worldsteel. Canada saw its production decline 30.8 percent for the month and 15.2 percent for the first half of the year, while Mexico’s declined 21.4 percent for the month and 15.8 percent for the half.

Production in the C.I.S. is estimated to be 7.9 million metric tons in June of this year, Worldsteel says, which is a decrease of 5 percent from June 2019. The region’s production declined 4.1 percent in the first half of the year compared with the same period in 2019. Ukraine produced 1.8 million metric tons of crude steel in June, which is 9 percent more than it made in June 2019; it’s half-year production decline 7.6 percent from 2019.

Turkey’s crude steel production for June was 2.8 million metric tons, up by 4.1 percent from June 2019. Through the first half of the year, the country produced 16.3 million metric tons of steel, 4.1 percent less than in the first half of 2019.

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Source: Recycling Today
Crude steel production declines 6 percent globally in the first half of 2020
<![CDATA[World crude steel production for the 64 countries reporting to the World Steel Association (Worldsteel), Brussels, was 148.3 million metric tons in June of this year, a 7 percent decrease compared with production in June 2019. However, many of the figures for June of this year are estimates that may be revised with next month’s production update in light of the COVID-19 pandemic, the association says.World crude steel production was 873.1 million metric tons in the first six months of 2020, down by 6 percent from the same period in 2019, according to Worldsteel. Asia produced 642 million metric tons of crude steel in the first half of 2020, 3 percent less than in the first half of 2019. The European Union produced 68.3 million metric tons of crude steel in the first half of 2020, 18.7 percent less than in the first half of 2019, while North America’s crude steel production in the first half of 2020 was 50.2 million metric tons, a decrease of 17.6 percent compared with the first half of 2019.© Worldsteel In June of this year, production in the Asia region, which Worldsteel defines as China, India, Japan, South Korea, Pakistan, Taiwan, Thailand and Vietnam, declined…

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