World crude steel production rose 3.7 percent year on year to 151.7 million tonnes in September 2022, the World Steel Association reported on 25 October. It was the first year-on-year increase since August 2021, ending eight months of declines. China produced 86.95 million tonnes, up 17.6 percent, but the rise owed much to a low comparison base: output in September 2021 had been cut deeply by Beijing's production curbs. Output in the first nine months totalled 1,405.2 million tonnes, still down 4.3 percent on the year. The figures covered the 64 countries reporting to the association, about 98 percent of world output. The return to growth was not a sign of strong demand: Chinese mills were still losing money, and European producers were idling furnaces as energy prices soared. September's increase said more about how weak the previous year had been than about the health of the market.
Source: World Steel Association — https://worldsteel.org/media/press-releases/2022/september-2022-crude-steel-production/
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