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Global Steel Production Declines in June

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World crude steel production in June totaled 148.3 million metric tons, a 7 percent decrease compared with the same month last year, the Brussels-based World Steel Association Reported. First-half production of 873.1 million tons was down 6 percent from 2019.

North America’s crude steel production in the first half of 2020 totaled 50.2 million tons, a decrease of 17.6 percent from 2019. U.S. production was down 18.3 percent to 36.2 million tons.

In June, U.S. steel production declined 34.5 percent to 4.7 million tons. Produciton in Canada in June was down 30.8 percent to 750,000 tons, while Mexican production declined 21.4 percent to 1.1 million tons.

Elsewhere around the world, China produced 91.6 million tons in June, up 4.5 percent compared with the prior year. Indian production fell 26.3 percent to 6.9 million tons, while Japanese production was down 36.3 percent to 5.6 million tons. South Korea’s steel production was 5.1 million tons, a decline of 14.3 percent.

In Europe, Germany produced 2.5 million tons in June, down 27.3 percent compared with the prior year. Italian production declined 13 percent to 1.8 million tons and France and Spain each produced 800,000 tons, down more than 30 percent.  

 

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