Global Sept crude steel production falls 8.9% on year: worldsteel

Global crude steel production in September dropped 8.9% year on year to 144.4 million mt, the second consecutive year-on-year drop as lower output in China weighed on the volumes, according to World Steel Association data published Oct. 26.

China produced 73.8 million mt of crude steel in September, down 21.2% year on year, although India, the second-largest producer, saw output rise 7.2% to 9.5 million mt.

Japan’s production rose 25.6% to 8.1 million mt and output from the US climbed 22% to 7.3 million mt.

Russia is estimated to have produced 5.9 million mt, down 2.2% year on year, while output from South Korea dropped 5% to 5.5 million mt and Iran’s estimated production fell 51.4% to 1.3 million mt.

Germany, the largest European steel producer, produced 3.3 million mt, up 10.7% year on year, while Turkey produced 3.3 million mt, up 2.4% and Brazil’s output rose 15.3% to 3.1 million mt.

Iron produced in blast furnaces worldwide in September amounted to 102.50 million mt from 110.20 million mt in August, while production of direct reduced iron dropped to 7.30 million mt in September from 7.60 million mt in August, the worldsteel data showed.

The data released covers the 64 countries that report to worldsteel, accounting for around 98% of the world’s crude steel production.

— Annalisa Villa