World crude steel production was 158.8 million tonnes in June 2023, down just 0.1 percent year on year, the World Steel Association reported on 25 July. China produced 91.1 million tonnes, up 0.4 percent on June 2022, while output in the European Union and North America continued to fall. Over the first half of the year, world production totalled 943.8 million tonnes, down 1.1 percent on the same period of 2022. June marked a pause after May's sharp decline: Chinese mills had cut output to match weak demand, and iron ore prices steadied around $113 to $115 a tonne on hopes of fresh stimulus from Beijing. The flat result hid a split in the market, with Asian output holding up while Western mills ran well below year-ago levels.
Source: Hellenic Shipping News — https://www.hellenicshippingnews.com/world-steel-association-june-2023-crude-steel-production-marginally-changed/
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