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25 Jan
13:41

Global steel output declines for first time in six years

World crude steel production declined -2.8% on-year in 2015 to 1.62 billion tonnes, with output cuts recorded in all regions except Oceania, Kallanish learns from the World Steel Association. This represents the first reduction in global steel output since 2009. Although China’s crude steel output was down -2.3% last year to 803.8 million tonnes, its share of global output rose to 49.5% from 49.3% in 2014. Japanese production fell -5% to 105.2mt, while Sou…
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