World crude steel production reached 150.2 million tonnes in February 2021, up 4.1 percent from a year earlier, the World Steel Association reported on 23 March. The total was lower than January in absolute terms because February is a shorter month, but it confirmed the recovery was holding. China, the largest producer, made an estimated 83.0 million tonnes, up 10.9 percent year on year, taking its January-February total to 175.0 million tonnes, a rise of 12.9 percent. The 64 reporting countries produced 313.1 million tonnes in the first two months of the year, up 5.0 percent. Output in the European Union fell 7.1 percent to 11.9 million tonnes, with Germany down 10.4 percent to about 3.1 million tonnes after four months of recovery. The association's figures are estimates for China because the national association publishes a combined January-February total. Mills outside China were still rebuilding from the pandemic slump, and the February data showed the gap between China and the rest of the world remained wide.
Source: Fastmarkets — https://www.fastmarkets.com/insights/global-crude-steel-output-up-4-in-february-worldsteel/
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