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World Steel Production Declines in October

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Global steel production of 151.5 million tons declined in October compared to the same month in 2018, reports the Brussels-based World Steel Association. The total steel production from the 64 countries reporting to the WSA was down 2.8 percent compared with the same month last year.

For the year to date, global crude steel production of 1.54 billion was up 3.2 percent from 2018.

The U.S. produced 7.4 million tons in October, a 2 percent decline from the prior year. Year-to-date production in the U.S. totaled 73.5 million tons, a 2.5 percent increase from the first 10 months of 2018.

Steel production in Canada in October totaled 1.1 million tons, a 2 percent decrease, while year-to-date production of 10.9 million tons was down 4.1 percent. In Mexico, steel production declined 3.6 percent to 1.5 million tons in October, while 10-month production of 15.7 million tons was down 7.8 percent from the prior year.

China’s crude steel production in October 2019 was 81.5 million tons, a decrease of 0.6 percent.  India produced 9.1 million tons, down 3.4 percent; Japanese production declined 4.9 percent to 8.2 million tons; and South Korea produced 6 million tons, down 3.5 percent from October 2018.

In the EU, Germany produced 3.3 million tons, down 6.8 percent. Italian production totaled 2.2 million tons, down 3.7 percent, while production in France fell 10.6 percent to 1.2 million tons.

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