Swedish steel output continues downward trend

Production of crude steel by Sweden’s mills continued in September the downward trend seen so far this year, and in fact accelerated it.

Crude steel output totalled 315,000 tonnes, 12.7% less than in September 2022, Kallanish learns from the latest statistics of national steel federation Jernkontoret. The decline is notably steeper than the year-to-date drop of 4.4% in the nine months through September to 3.279 million tonnes.

This was still relatively in line with the January-June period, which saw 4.5% less output than the first half of 2022.

“The declining demand continues to affect crude steel production,” says Mathias Ternell, trade policy director at Jernkontoret. The production statistics are compiled by Jernkontoret and are based on data from 11 steel manufacturers in Sweden.

Christian Koehl Germany