Global Crude Steel Production in February 2022 Shrinks by 6% YoY

World Steel Association announced that global crude steel production for the 64 countries reporting to worldsteel was 142.7 million tonnes in February 2022, a 5.7% decrease compared to February 2021 & down 7.9% as compared to January 2022, mainly due to 10% YoY shrinkage in Chinese crude steel production to about 75 million tonnes-------------------------------------------------------------Crude Steel Production by Region – February 2022--------------------------------------------------------------Africa -1.3 million tonne, up 4.1% YoYAsia & Oceania – 102.6 million tonne, down 7.1% YoYCIS – 7.7 million tonne, down 5.8% YoYEU (27) - 11.7 million tonne, down 2.5% YoYEurope, Others – 3.8 million tonne, down 2.7% YoYMiddle East - 3.5 million tonne, up 2.8% YoYNorth America – 8.8 million tonne, up 1.8% YoYSouth America - 3.3 million tonne, down 7.0% YoY-------------------------------------------------------------Top 10 Steel-Producing Countries– February 2022-------------------------------------------------------------1. China – 75.0 million tonne, down 10.0% YoY2. India - 10.1 million tonne, up 7.6% YoY3. Japan - 7.3 million tonne, down 2.3% YoY4. United States – 6.4 million tonne, up 1.4% YoY5. Russia – 5.8 million tonne, down 1.4% YoY6. South Korea -5.22 million tonne, down 6.0% YoY7. Germany -3.2 million tonne, up 3.8% YoY8. Turkey - 3.0 million tonne, down 3.3% YoY9. Brazil - 2.7 million tonne, down 6.9% YoY10. Iran - 2.8 million tonne, up 3.7% YoY