Global Steel Production Down 8.7 Percent in May
By Metal Center News Staff
on Jun 24, 2020
World crude steel production for the 64 countries reporting to the World Steel Association totaled 148.8 million tons in May, an 8.7 percent decrease compared with May 2019. For the year to date, global steel production is down 5.2 percent to 728 million tons.
The U.S. produced 4.8 million tons in May, a 36.6 percent decline from 2019. For the year to date, production in the U.S. was down 15.5 percent to 31.3 million tons.
Canadian production dropped 19.6 percent to 830,000 tons, while overall production of 4.8 million tons was down 12.2 percent for the full year. Mexican production in May of 1.5 million tons was off 13.3 percent from the prior year, while year-to-date production of 7.3 million tons was down 12.4. percent.
China produced 92.3 million tons of steel in May, a 4.2 percent decrease compared with the same month in 2019. Japanese production declined 31.8 percent to 5.9 million tons, while South Korean production of 5.4 million tons was off 14.1 percent.
Production in the EU is estimated at 10.5 million tons in May, a 26.8 percent decline from the prior year. Due to the coronavirus, the WSA must estimate some production totals in its calculations.