Global Crude Steel Production In August Was 150.6 Million Tons, It Was The 13th Consecutive Month Of Year-On-Year Declines

Global Crude Steel Production In August Was 150.6 Million Tons, It Was The 13th Consecutive Month Of Year-On-Year Declines

Information source: World Metal Guide

Statistics released by the World Steel Association on September 22 show that in August 2022, the crude steel output of the 64 countries and regions included in the agency's statistics totaled 150.6 million tons, a year-on-year decrease of 3.0%, the 13th consecutive month of year-on-year decline. Crude steel production fell year-on-year in August in all regions of the world except Africa and the Middle East, with the CIS region seeing the largest decline.

In August, Asia and Oceania combined produced 112.6 million tons of crude steel, down 0.2% year-on-year. Among them, China's crude steel output was 83.87 million tons, a slight increase of 0.5% year-on-year, accounting for 55.7% of global crude steel output. India produced 10.2 million tonnes of crude steel in August, up 1.2% year-on-year. Japan produced 7.3 million tons of crude steel in August, down 7.4% year-on-year, the ninth consecutive month of year-on-year declines. South Korea's crude steel output in August was estimated at 6.1 million tonnes, down 0.4% year-on-year.

Crude steel output in the EU-27 fell by 13.3% year-on-year to 9.7 million tonnes in August, mainly due to the impact of the energy crisis. Among them, the output of crude steel in Germany was 2.9 million tons, down 2.3% year-on-year, the sixth consecutive month of year-on-year decline and the lowest point in nearly two years. Soaring energy and emissions costs have further hampered the competitiveness of German steel mills in a market already facing high inventories and low demand. Crude steel output in the rest of Europe was 3.6 million tons in August, down 18.6% year-on-year, of which Turkey's output was 2.8 million tons, down 21.0% year-on-year, the largest year-on-year decline among the top ten steel-producing countries in the world.

Crude steel production in North America was 9.6 million tons in August, down 5.4% year-on-year, of which U.S. production was 7.0 million tons, down 7.1% year-on-year. Crude steel production in South America was 3.6 million tons, down 10.1% year-on-year, of which Brazil produced 2.8 million tons, down 11.3% year-on-year. Brazilian steel production, steel demand and domestic sales all fell year-on-year in August.

Crude steel output in the Commonwealth of Independent States in August was 6.9 million tons, a sharp drop of 22.4% year-on-year, the largest decline among all regions in the world, and the conflict between Russia and Ukraine was the main reason. Among them, Russia's output is estimated at 5.9 million tons, a sharp decrease of 5.5% year-on-year.

Crude steel output in the Middle East was 3.2 million tonnes in August, a significant increase of 34.2% year-on-year. Among them, Iran's production is estimated at 2.1 million tons, a year-on-year increase of 64.7%. Among the top ten steel producing countries in the world, only Iran and India achieved a year-on-year increase in crude steel output in August.

From January to August this year, the total crude steel output of the 64 countries and regions included in the statistics of the World Steel Association was 1.2539 billion tons, down 5.1% year-on-year. Among them, the total output of Asia and Oceania was 925.1 million tons, down 4.3% year-on-year; the EU produced 95.3 million tons of crude steel, down 6.9% year-on-year; North America’s crude steel output was 76 million tons, down 3.6% year-on-year; South America’s crude steel output It was 29.2 million tons, down 4.1% year-on-year; the crude steel output in the CIS region was 59.1 million tons, down 18.2% year-on-year; the crude steel output in Africa was 9.7 million tons, down 7.4% year-on-year. From January to August, among the top ten steel-producing countries in the world, only India and Iran’s crude steel output increased by 7.1% and 7.8% year-on-year to 83.5 million tons and 19.5 million tons respectively, while the crude steel output of other steel-producing countries decreased to varying degrees year-on-year.


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