World crude steel production rose 3.3 percent year on year to 145.5 million tonnes in November 2023, the World Steel Association reported on 21 December. China produced 76.1 million tonnes, up 0.4 percent on November 2022, while Asia and Oceania as a whole rose 2.2 percent to 104.8 million tonnes. Africa's output rose 3.1 percent to 1.8 million tonnes. November's increase was the strongest monthly gain since July, helped by a low base a year earlier, when Chinese mills were cutting output under Covid-19 controls and weak demand. Even so, the month's total was the second lowest of the year, reflecting the seasonal slowdown into winter and the continued softness of construction demand in China. The figures covered the 71 countries reporting to the association.
Source: World Steel Association — https://worldsteel.org/wp-content/uploads/November-2023-crude-steel-production.pdf
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