21
Jun
23:00
Global crude steel output flattens on-year in May
The World Steel Association (worldsteel) says that global crude steel output was 139 million tonnes in May 2016, a -0.1% decrease compared to May 2015, Kallanish notes.
China produced 70.5mt in the month, an increase of 1.8% on May 2015. This is still over 50% of world output and signals that capacity reductions being implemented are having minimal effect on production.
In the EU28 total May crude steel production decreased by -5.5% y-on-y to 14.5mt. Output i…
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Anonymous
Very good overview of the weekly steel market.
Anonymous