Monday, June 22, 2009
World steel output in May totalled 95.6 Mt, up by 7% on the previous month, according to data from the World Steel Association. The world total for May marks a decline of 21% year-on-year.
Production in China reached 46.5 Mt, up just 0.6% on May 2008. In contrast, production in the rest of the world dropped by 34% year-on-year to 49.1 Mt during the same month. Of the major steelmaking centres, annual declines were most pronounced in the US (-50.6% to 4.6 Mt), Japan (-38.5% to 6.5Mt) and the EU-27 (-44.8% to 10.5 Mt).