World crude steel production was unchanged year on year at 147.3 million tonnes in October 2022, the World Steel Association reported on 22 November. China produced 79.8 million tonnes, up 11.0 percent, again flattered by a weak comparison base, as output in October 2021 had been held down by production curbs. Output in the first ten months totalled about 1.55 billion tonnes, down 3.9 percent. The figures covered the 64 countries reporting to the association, about 98 percent of world output. October also brought a downgrade in the industry's demand outlook: worldsteel cut its 2022 forecast to a 2.3 percent contraction, from growth of 0.4 percent expected in April. The flat October result, coming after September's first rise in a year, showed an industry stuck between weak demand and production cuts, with neither side giving way.
Source: Hellenic Shipping News — https://www.hellenicshippingnews.com/world-steel-association-october-2022-crude-steel-production-unchanged/
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