STEEL NEWS

World steel production in July grew by 3.3% y-o-y, while in China it fell by 8.4%

According to the World Steel Association (WSA), steel production in 64 producing countries amounted to 161.7 million tons in July 2021, which is 3.3% higher than the level of July 2020.

African countries produced 1.3 million tonnes, up 36.9% from last year. Asia and Oceania cut steel production by 2.5% to 116.4 million tonnes.

The CIS countries increased steel production in July by 11.2% to 9.2 million tons, and the EU countries - by 30.3% - to 13.0 million tons. The rest of Europe increased production by 4.6% to 4.1 million tons.

The countries of North America increased steel production by 36% to 10.2 million tons, and South America - by 19.6% - to 3.8 million tons.

The top 10 global steel producers in July are as follows:

1. China - 86.8 million tons (- 8.4%).

2.India - 9.8 million tons (+ 13.3%).

3. Japan - 8.0 million tons (+ 32.5%).

4. USA - 7.5 million tons (+ 37.9%).

5.Russia - 6.7 million tons (+ 13.4%).

6. South Korea - 6.1 million tons (+ 10.8%).

7. Germany - 3.0 million tons (+ 24.7%).

8.Turkey - 3.2 million tons (+ 2.5%).

9. Brazil - 3.0 million tons (+ 14.5%).

10.Iran - 2.6 million tons (+ 9.0%)