World crude steel production reached 143.3 million tonnes in November 2021, down 9.9 percent from a year earlier, the World Steel Association reported in December. China produced 69.3 million tonnes, down 22.0 percent year on year, its lowest monthly total of the year, as output curbs and weak demand from the property sector continued to bite. The rest of the world kept growing: output in Europe, the United States and India remained well above 2020 levels, supported by strong manufacturing demand and high steel prices. November was the fifth consecutive month in which global output fell year on year, a run that began when Beijing's curbs took effect in July. For the year to November, world production was still up on 2020, but the momentum had clearly shifted. The industry now looked to 2022, when the question was whether China would ease its curbs or keep output below the 2020 record for a second year.
Source: Hellenic Shipping News (World Steel Association) — https://www.hellenicshippingnews.com/world-steel-association-november-2021-crude-steel-production-down-9-9/
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