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22 Jun
16:39

May output falls despite continued Chinese growth

Crude steel production in the 64 countries reporting to the World Steel Association (worldsteel) fell -8.7% on-year in May to 148.78 million tonnes, Kallanish notes. The association reiterates, however, that many figures are estimates and likely to be revised next month due to the Covid-19 pandemic impact. China was again one of few nations to record output growth in May, as production rose 4.2% to 92.27mt. Vietnam also saw output increase, by 11.4% to 1.95mt. Ind…
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