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Kallanish Steel Weekly: Global steel production down again in November despite Chinese recovery
The World Steel Association (worldsteel) says that global crude steel output from its 64 reporting countries was 147.8 million tonnes in November 2019, down -1% year-on-year. A rise in Chinese output compensated for falls in most other major steel-producing countries.The November data was the third negative growth for global crude steel production in a row. In October the fall reached a record level of -3.1% y-o-y. China produced 80.3mt in November, an increase of 4% on November 2018 and now 54.3% of the world’s crude steel output. The recovery came after the country recorded a -0.6% y-o-y for October’s output. Crude steel production in India was 8.9mt, down by -2.8% on-year, whilst output in Japan also fell, by a significant -10.6% to 7.7mt on the same basis. South Korean production fell by -0.5% y-o-y during the month to reach 5.9mt.
In the EU28 total November crude steel production fell by -10.7% y-o-y to 12.8mt. Output in Germany also moved down by -12.0% to an estimated 3.2mt. Monthly production dipped on-year in Italy, falling by -9.8% to 2.0mt. French crude steel output tumbled on-year in November by a significant -18.2% to 1.1mt. Spanish output decreased by -10.9% to 1.1mt same basis. Turkish production was 2.9mt in the month, down by -8.1% y-o-y. US crude steel output was 7.2mt in November 2019, an on-year decrease of -2.2%, whilst in Brazil crude steel production was 2.6mt, down by -10.5% on October 2018. Russian estimated production was 5.6mt in the month, -2.9% down on-year. Ukraine’s output fell meanwhile to 1.3mt, down by -20.1%, same basis.
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Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous