Global Crude Steel Production Dips Further in Oct’21 Chinese Curbs

World Steel Association announced that global crude steel production for the 64 countries reporting to worldsteel was 145.7 million tonnes in October 2021, a 10.6%% YoY decrease as compared to October 2020. As a result, global crude steel production in January-October 2021 is up by 5.9% YoY to 1607.1 million tonnesTop 10 Steel-Producing Countries 1. China – 71.6 million tonne, down by 23.3% YoY & 877.1 million tonne in Jan-Oct down by 0.7% YoY2. India - 9.8 million tonne, up by 2.4% YoY & 96.9 million tonne in Jan-Oct, up by 20.6% YoY3. Japan – 8.2 million tonne, up by 14.3% YoY & 80.4 million tonne in Jan-Oct, up by 17.5% YoY4. United States - 7.5 million tonne, up by 20.5% YoY & 71.7 million tonne in Jan-Oct, up by 19.6% YoY5. Russia - 6.1 million tonne, up by 0.5% YoY & 62.5 million tonne in Jan-Oct, up by 5.7% YoY6. South Korea – 5.8 million tonne, down by 1% YoY & 58.7 million tonne in Jan-Oct, up by 5.9% YoY7. Germany - 3.7 million tonne, up by 7% YoY & 33.6 million tonne in Jan-Oct, up by 15.1% YoY8. Turkey - 3.5 million tonne, up by 8% YoY & 33.3 million tonne in Jan-Oct, up by 14.2% YoY9. Brazil - 3.2 million tonne, up by 10.4% YoY & 30.3 million tonne in Jan-Oct, up by 19.1% YoY10. Iran - 2.2 million tonne, down by 15.3% YoY & 22.4 million tonne in Jan-Oct, down by 5.7% YoYIn million tonnesSource – worldsteelCrude Steel Production in Jan-Oct of 2021 by RegionAfrica – 13.3 million tonne, up by 30.4% YoYAsia and Oceania – 1,166.1 million tonne, up by 3.0% YoYCIS – 87.3 million tonne, up by 5.8% YoYEU (27) – 128.4 million tonne, up by 18.4% YoYEurope, Other – 42.3 million tonne, up by 12.8% YoYMiddle East – 33.0 million tonne, down 1.5% YoYNorth America – 98.8 million tonne, up by 18.8% YoYSouth America – 38.1 million tonne, up by 22.6% YoYTotal 64 countries – 1607.1 million tonne, up by 5.9% YoYIn million tonnesSource – worldsteel

Global Crude Steel Production Dips Further in Oct’21 Chinese Curbs

Strategic Research Institute

Related Stories