Updated
Updated · worldsteel.org · Aug 25
World Crude Steel Output Slips to 149.2 Million Tonnes in July as China Production Falls 3.6%
Updated
Updated · worldsteel.org · Aug 25

World Crude Steel Output Slips to 149.2 Million Tonnes in July as China Production Falls 3.6%

3 articles · Updated · worldsteel.org · Aug 25

Summary

  • 149.2 million tonnes of crude steel were produced by 70 reporting countries in July, down 0.3% from a year earlier; January-July output totaled 1,081.2 million tonnes, off 0.6%.
  • China, the largest producer, made 76.9 million tonnes in July, down 3.6%, helping pull Asia and Oceania output 1.2% lower to 109.4 million tonnes.
  • 10.5 million tonnes from the EU marked a 3.8% rise, while North America increased 4.9% to 9.6 million tonnes and the Middle East fell 13.4% to 3.8 million tonnes.
  • 14.4 million tonnes from India kept it the No. 2 producer with 1.9% growth, while Viet Nam posted the fastest top-10 increase at 34.7% to 2.7 million tonnes.

Insights

With global output falling, what secret advantage is fueling Vietnam's explosive 34.7% surge in steel production?
Why is U.S. Steel pouring $2.5 billion into new facilities while global crude steel production continues to shrink?
Could the push for alternative materials render multi-billion dollar steel modernization projects obsolete before they open in 2029?