World crude steel production fell 10.8 percent year on year to 140.7 million tonnes in December 2022, the World Steel Association reported on 31 January 2023. Full-year output totalled 1,878.5 million tonnes, down 4.2 percent from 2021, the first annual fall since 2015. China remained the largest producer at 1,013.0 million tonnes, down 2.1 percent, still more than half of world output. India grew 5.5 percent to 124.7 million tonnes, overtaking Japan as the second-largest producer, while Iran rose 8.0 percent to 30.6 million tonnes and the United States fell 5.9 percent to 80.7 million tonnes. The figures covered the 64 countries reporting to the association, about 98 percent of world output. The year had been shaped by war in Ukraine, Covid lockdowns in China, an energy crisis in Europe and the steepest interest rate rises in a generation.
Source: Hellenic Shipping News — https://www.hellenicshippingnews.com/world-steel-association-global-steel-production-fell-by-4-2-in-2022/
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