World crude steel production reached 145.7 million tonnes in October 2021, down 10.6 percent from a year earlier, the World Steel Association reported on 23 November. China produced 71.58 million tonnes, down 23.3 percent, its lowest monthly total in years, as output curbs and power rationing continued. The decline in China was partly offset by growth elsewhere: the 27 European Union countries produced 13.4 million tonnes, up 6.4 percent, and other European countries rose 7.7 percent. Asia and Oceania, dominated by China, fell 16.6 percent to 100.7 million tonnes. The October figures confirmed that the second half of 2021 belonged to the rest of the world: while China cut output month after month, mills in Europe, the United States, India and Japan ran at high rates to meet strong demand and record prices. The contrast explained why steel prices stayed high outside China even as Chinese prices softened.
Source: Engineering News — https://www.engineeringnews.co.za/article/global-steel-production-down-106-yy-in-oct---worldsteel-2021-11-23
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