World crude steel production rose 0.8 percent year on year to 146.8 million tonnes in November 2024, the World Steel Association reported on 23 December. China produced 78.4 million tonnes in the month, up 2.5 percent on November 2023, its second consecutive monthly increase after October's return to growth. Output in the first eleven months of the year totalled 1,694.6 million tonnes globally, down 1.4 percent, with China at 929.2 million tonnes, down 2.7 percent. India was the strongest performer among the leading producers, with output up 5.9 percent over the eleven months to about 136 million tonnes, while Turkiye's output rose 11.2 percent over the same period. The November figures confirmed that Chinese mills were raising output again after the summer cuts, helped by the September stimulus package and by export demand, although full-year Chinese output was still set to fall for the first time since 2015.
Source: Hellenic Shipping News (World Steel Association) — https://www.hellenicshippingnews.com/world-steel-association-november-2024-crude-steel-production-up-0-8/
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