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World Steel Production Continues to Grow

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Global steel production totaled 174.4 million tons in May, the Brussels-based World Steel Association reported. Crude steel production was up 16.5 percent compared with the same month in 2020.

U.S. production totaled 7.2 million tons in May, a 47.6 percent increase from the COVID-impacted May 2020. For the first five months of the year, U.S. production of 34.8 million tons was up 10.6 percent.

For North America, production in May totaled 10.1 million tons, a 47.7 increase compared with the prior year. Year-to-date production of 48.4 million tons was up 11.3 percent.

China led the way in May with 99.5 million tons of production, a 6.6 percent increase compared with the same month last year. Chinese production was up 13.9 percent to 473.1 million tons for the first five months of the year.

Elsewhere in Asia, Indian production in May totaled 9.2 million tons, up 46.9 percent compared with the prior year. Japan’s production of 8.4 million tons was up 42.2 percent. South Korean production increased 10.5 percent in May to 6 million tons.

Germany produced 3.5 million tons in May, up 35.5 percent. Turkish production increased 42.4 percent to 3.2 million tons in May.