World crude steel output up 5% in January 2021 - | Steel News Encyclopia

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World crude steel output up 5% in January 2021

شناسه : 41525 ۰۹ اسفند ۱۳۹۹ - ۱۴:۵۰ منبع : Metal Bulletin
Most countries posted a year-on-year increase in crude steel output in January 2021, while the output in Japan and the United States inched lower, Worldsteel said.
World crude steel output up 5% in January 2021
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Global crude steel output increased by 4.8% year on year to 162.9 million tonnes in January 2021, the World Steel Association (Worldsteel) said on February 26, marking the third monthly consecutive increase.

Most countries posted a year-on-year increase in crude steel output in January 2021, while the output in Japan and the United States inched lower, Worldsteel said.

*** Asia

China recorded the highest crude steel output in January 2021 at 90.2 million tonnes, up by 6.8% year on year from 84.3 million tonnes in 2020, Worldsteel said. The year-on-year increment rate of 6.8% for China followed as a continuous decrease from the growth rate of 12.7% in October 2020.

Other key Asian countries also managed to record a year-on-year increase rate.

India continued to be the world’s second-largest steel producer, with a total of 10 million tonnes in January 2021, rising by 7.6% year on year from 9.3 million tonnes.

South Korea produced 6 million tonnes, increasing by 4.9% year on year, however, the crude steel output in the world’s third-largest steelmaker, Japan, fell by 3.9% year on year to 7.9 million tonnes in January 2021.

 

*** Europe

Countries in the European Union produced 12.2 million tonnes of crude steel in January 2021, slightly down by 0.4% from 2020. The EU’s largest producer, Germany, reported a crude steel output of 3.3 million tonnes in January, up by 6% annually.

Turkey’s crude steel production for January was 3.4 million tonnes, up by 12.7% against the same period last year.

In the Commonwealth of Independent States (CIS), steel production rose to 9.2 million tonnes in January 2021, increasing by 4.5% year on year. Comparatively, Russia produced 6.7 million tonnes of steel, rising by 6.5%.

Production in Brazil was 3 million tonnes in January 2021, moving up by 10.8% year on year, while Iran was estimated to have produced 2.6 million tonnes in January 2021, up by 10.2% from 2020, Worldsteel said.

The United States posted the largest decline of crude steel output for January 2020, falling by 9.9% year on year to 6.9 million tonnes.

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