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22 Jun
14:40

Global production rebounds across the board in May

Crude steel production in the 64 countries reporting to the World Steel Association (worldsteel) grew 16.5% on-year in May to 174.38 million tonnes, although this again came from a low Covid-19-impacted base. It was nevertheless also up 3% on April, Kallanish notes. Chinese production rose 6.6% on-year in May to 99.45mt, while Indian output soared 47% to 9.2mt, also recovering from 8.3mt in April. Japan and South Korea output rose 42% and an estimated 10.5% respec…
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