Global Crude Steel Production in October 2020 Surges 7% YoY
Global Crude Steel

Global Crude Steel Production in October 2020 Surges 7% YoY

World crude steel production for the 64 countries reporting to the World Steel Association was 161.9 million tonnes in October 2020, a 7.0% increase

compared to October 2019 (Due to the ongoing difficulties presented by the COVID-19 pandemic, many of this month’s figures are estimates that may be revised with next month’s production update).

In Asia, China produced 92.2 million tonnes of crude steel in October 2020, an increase of 12.7% compared to October 2019. India produced 9.1 million tonnes of crude steel in October 2020, up 0.9% on October 2019. Japan produced 7.2 million tonnes of crude steel in October 2020, down 11.7% on October 2019. South Korea’s crude steel production for October 2020 was 5.9 million tonnes, down by 1.8% on October 2019.

In the European Union, Germany produced 3.4 million tonnes of crude steel in October 2020, up 3.1% on October 2019. Italy produced 2.1 Mt of crude steel in October 2020, down 4.6% on October 2019. Spain produced 1.1 million tonnes of crude steel in October 2020, down 7.7% on October 2019. In other Europe, Turkey’s crude steel production for October 2020 was 3.2 million tonnes, up by 19.4% on October 2019.

In North America, the United States produced 6.1 million tonnes of crude steel in October 2020, a decrease of 15.3% compared to October 2019.

In South America, Brazil produced 2.8 million tonnes of crude steel in October 2020, up 3.5% on October 2019.

In the CIS, production is estimated to be 8.4 million tonnes in October 2020, up 4.7% on October 2019. Ukraine produced 1.7 million tonnes of crude steel in October 2020, up 5.9% on October 2019.

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