Worldsteel: Global Output Slides in August

The strongest production month so far this year was March when global steel production stood at 165.1 million metric tons, 7.6% higher than August.

China produced 86.4 million metric tons last month, down 4.8% from July but up 3.2% from a year earlier, and making up about 56.6% of global production.

Steel production in the rest of the world (RoW) fell 2.2% month over month (MoM) to 66.2 million metric tons in August, according to worldsteel data.

Regionally, output was higher YoY in Africa, which stood at 1.5 million metric tons (+16.1% ); Russia, Ukraine, and other CIS at 7.5 million metric tons (+10.7% ); and Asia and Oceania at 115.7 million metric tons (+3.5% ).

Regions seeing lower on-year production were the Middle East at 2.8 million metric tons (-16% ); South America at 3.4 million metric tons (-8.1% ); the EU at 9.1 million metric tons (-4.4% ); other Europe at 3.4 million metric tons (-3.2% ); and North America at 9.2 million metric tons (-2.6% ).