Global Steel Production Climbs in October
By Metal Center News Staff
on Nov 29, 2020
World crude steel production for the 64 countries reporting to the Brussels-based World Steel Association was 161.9 million metric tons in October, a 7 percent increase compared with the same month in 2019. Through 10 months, global production remained down 2 percent at 1.5 billion tons.
The U.S. produced 6.1 million tons in October, a 15.3 percent decline from the prior year. Through 10 months, U.S. production is down 18.4 percent to 59.9 million tons.
In Canada, production in October totaled 850,000 tons, down 17.5 percent, while the year-to-date total of 8.9 million tons was down 17.9 percent. Mexican production in October increased 1.1 percent to 1.5 million tons, but the full-year production was still down 12.1 percent to 13.7 million tons.
In Asia, China produced 92.2 million tons of crude steel in October 2020, an increase of 12.7 percent compared with October 2019. India produced 9.1 million tons of crude steel, up 0.9 percent from last year. Japan produced 7.2 million tons of crude steel in October 2020, down 11.7 percent.
In the European Union, Germany produced 3.4 million tons of crude steel in October 2020, up 3.1 percent from October 2019. Italy produced 2.1 million tons of crude steel in October 2020, down 4.6 percent and Spanish production declined 7.7 percent to 1.1 million tons.