

(Posted on 30/11/20)
World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 161.9 million tonnes (Mt) in October 2020, a 7.0% increase compared to October 2019. Due to the ongoing difficulties presented by the COVID-19 pandemic, many of this month’s figures are estimates that may be revised with next month’s production update.
Worldsteel is one of the largest and most dynamic industry associations in the world, with members in every major steel-producing country. worldsteel represents steel producers, national and regional steel industry associations, and steel research institutes. Members represent around 85% of global steel production.
In Asia, China produced 92.2 Mt of crude steel in October 2020, an increase of 12.7% compared to October 2019. India produced 9.1 Mt of crude steel in October 2020, up 0.9% on October 2019. Japan produced 7.2 Mt of crude steel in October 2020, down 11.7% on October 2019. South Korea’s crude steel production for October 2020 was 5.9 Mt, down by 1.8% on October 2019.
In the European Union, Germany produced 3.4 Mt of crude steel in October 2020, up 3.1% on October 2019. Italy produced 2.1 Mt of crude steel in October 2020, down 4.6% on October 2019. Spain produced 1.1 Mt of crude steel in October 2020, down 7.7% on October 2019.
In North America, the United States produced 6.1 Mt of crude steel in October 2020, a decrease of 15.3% compared to October 2019.
In the C.I.S., production is estimated to be 8.4 Mt in October 2020, up 4.7% on October 2019. Ukraine produced 1.7 Mt of crude steel in October 2020, up 5.9% on October 2019.
In other Europe, Turkey’s crude steel production for October 2020 was 3.2 Mt, up by 19.4% on October 2019.
In South America, Brazil produced 2.8 Mt of crude steel in October 2020, up 3.5% on October 2019.
Vale has announced that it signed a MOU with the Port of Açu to study the development of a Mega... Read more
The European Soy Monitor 2021 has been published, containing an overview of estimations on the use of... Read more
BHP contributed $60 billion (AUD) in economic value to the Australian economy in the 2023 financial... Read more
BHP contributed $60 billion (AUD) in economic value to the Australian economy in the 2023 financial... Read more
Trafigura Group Pte Ltd. has announced an evolution of its executive team to further strengthen leadership... Read more
The Food and Agricultural Organisation of the United Nations (FAO) forecast for global cereal production... Read more
Rio Tinto has appointed Jérôme Pécresse to lead its Aluminium business, succeeding... Read more
The Environmental Protection Agency (EPA) and the Army Corps in the USA have announced the final definition... Read more
Despite the many and varied categories of cargo damage faced by shipowners transporting grain cargoes... Read more
Rio Tinto and First Quantum Minerals have completed a transaction to form a joint venture that will... Read more