
World crude steel production rose strongly in October 2020, reaching 161.9 million tonnes, up 7.0% on the same month a year earlier, according to figures published by the World Steel Association on 25 November. China remained the engine of growth, producing 92.2 million tonnes, a 12.7% year-on-year increase, while India edged up 0.9% to about 9.1 million tonnes. Output also continued to recover across much of the rest of the world after the deep cuts of the second quarter, although production in the United States and several European countries was still below 2019 levels. For the first ten months of 2020, global output totalled 1.51 billion tonnes, still 2% lower than in the same period of 2019. Worldsteel cautioned that many of the month's figures were estimates because of the difficulties caused by the COVID-19 pandemic and could be revised in the next update.
Source: SEAISI — https://www.seaisi.org/details/1480?type=news-rooms
Photo: Wikimedia Commons (freely licensed).
