North America Posted 31% Dip in Steel Production

The crude steel output by the North American region recorded 31% year-on-year decline in the month of May 2020, says the World Steel Association (worldsteel). The production dropped from 10.304 million tonnes (Mt) in May 2019 to 7.113 Mt in May this year. All countries in the region except El Salvador recorded notable decline in crude steel output during the month.

The leading steel producer in the region was the U.S. The monthly output by the country recorded almost 37% year-on-year decline from 7.553 Mt to 4.790 Mt. The Mexican output was down sharply by 13.2% to total 1.450 Mt in May this year. The county’s output had totalled 1.670 Mt in May last year. In third place was Canada, which reported 19.6% year-on-year decline. The Canadian monthly crude steel output totalled 830,000 tonnes.