Industry News

Global crude steel production grows in May

Views : 89
Update time : 2022-06-27 21:50:16
In May this year, the total crude steel output of the world's 60 major steel-producing countries totaled around 169.5 million tons, which increased by 3.7% month on month compared with April and decreased by 3.5% year on year.

The global crude steel output amounted to 792.4 million tons in the first five months of this year, a year-on-year decline of 5.1%.

The overall output of Asian countries increased steadily, while the output in Europe increased slightly except for Germany, which decreased month on month.

In May, Turkey's crude steel production fell the most in the world due to the country's economic pressure. At present, global steel prices have been falling continuously, and the market sentiment is slightly pessimistic.
Related News
Read More >>
Overseas alumina prices continue to decline, domestic alumina price difference between north and south China narrows Overseas alumina prices continue to decline, domestic alumina price difference between north and south China narrows
Jan .24.2025
Overseas alumina prices continue to decline, domestic alumina price difference between north and south China narrows
Entering the Chinese New Year holiday, market trading is sluggish Entering the Chinese New Year holiday, market trading is sluggish
Jan .24.2025
Entering the Chinese New Year holiday, market trading is sluggish
Trade & Pricing: Europe's billet market trend 2024-2025 Trade & Pricing: Europe's billet market trend 2024-2025
Jan .24.2025
Trade & Pricing: Europe's billet market trend 2024-2025
Marcegaglia UK includes new stainless steel tube production at Oldbury facility Marcegaglia UK includes new stainless steel tube production at Oldbury facility
Jan .24.2025
Marcegaglia UK includes new stainless steel tube production at Oldbury facility