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Kallanish Kallanish

Knowledge matters Knowledge matters

December, 12th 2019

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Kallanish Steel Weekly: Global steel output drops for the first time in 2019 as China growth slows (29 Oct 2019)

World crude steel production for the 64 countries reporting to the World Steel Association declined -0.3% on-year in September to 151.5 million tonnes. This represented the first monthly decline in 2019.

It came as Chinese output growth slowed to 2.2%, giving a tonnage of 82.77mt. Indian output, meanwhile, grew 1.6% to 8.96mt, but Japanese and South Korean production fell -4.5% and -2.7% respectively to 8.05mt and 5.69mt. Vietnamese output surged again, by 34% to 1.7mt.

EU28 production declined again in September, by -2% to 13.39mt. German production slumped -4% to 3.35mt, but Italian output was up 1.1% to 2.21mt. French and Spanish output fell -10.2% and -1% respectively to 1.21mt and 1.18mt. Notably, Austrian and Swedish production surged 69.1% and 42% respectively to 588,000t and 398,000t. Hungarian output plummeted 29.2% to 109,000t.

The US recorded a -2.5% decline in September output to 7.07mt, while Brazilian output dived -22% to 2.4mt.

Russian output is estimated to have dropped -4.1% to 5.58mt and Ukrainian production fell -2.3% to 1.75mt.

Turkish production, meanwhile, slumped -6.9% to 2.73mt, but Iranian output is estimated to have risen 3.2% to 2.13mt.

In January-September global crude steelmaking output was still up 3.9% on-year to 1.39 billion tonnes.