World crude steel production fell to 144.4 million tonnes in September 2021, down 8.9 percent from a year earlier, the World Steel Association reported on 28 October. It was the fourth consecutive month of decline and the lowest monthly total since the early pandemic. China produced 73.75 million tonnes, down 21.2 percent year on year, as output curbs, power cuts and weak property demand combined. In the first nine months of 2021, world output totalled 1,461 million tonnes, up 7.8 percent, with China up 2.0 percent to 805.9 million tonnes. Output in the European Union rose 19.8 percent in the same period to 114.8 million tonnes, the United States rose 19.8 percent to 64.4 million and Japan 17.9 percent to 72.1 million. The September figures showed how far the market had swung: from record production in May to the steepest annual falls in years, driven almost entirely by policy decisions in Beijing.
Source: MetalMiner — https://agmetalminer.com/2021/10/28/global-crude-steel-production-falls-for-fourth-consecutive-month/
Photo: Wikimedia Commons (freely licensed).