World crude steel production fell 1.0 percent year on year to 142.4 million tonnes in February 2023, the World Steel Association reported on 23 March. Output was also down about 2 percent from January in absolute terms, reflecting the shorter month. China moved against the global trend, producing an estimated 80.1 million tonnes, up 6.8 percent on the year, as mills ramped up after the Lunar New Year holiday and the end of pandemic controls. Production outside China totalled 62.3 million tonnes, down 5.3 percent from January, with European and North American mills still running well below year-ago levels. Over January and February combined, world output slipped 0.8 percent year on year to 297.8 million tonnes. The figures covered the 63 countries reporting to the association, which account for about 98 percent of world crude steel production.
Source: Steel Market Update — https://www.steelmarketupdate.com/2023/03/25/worldsteel-global-steel-output-edges-down-in-february/
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