World crude steel production reached 167.9 million tonnes in June 2021, up 11.6 percent from a year earlier, the World Steel Association reported in July. The total was lower than May's record 174.4 million tonnes, the first monthly fall after a long run of gains, as output curbs began to bite in China. Chinese production fell to 93.9 million tonnes in June, down from 99.5 million in May, although it was still higher than a year earlier. In the first half of 2021, China produced 563.3 million tonnes, up 11.8 percent year on year. The June figures marked a turning point: after months in which every release set a new record, the industry was now constrained by policy rather than demand. Beijing had made clear that full-year output should not exceed 2020, and mills were being told to plan cuts in the second half. Outside China, output continued to recover strongly from the pandemic slump.
Source: MetalMiner — https://agmetalminer.com/2021/08/26/global-crude-steel-production-drops-for-second-straight-month/
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