In second place was the EU-27 countries, whose combined output totalled 11.3 Mt in October and 117.1 Mt in Jan-Oct ’22.
SEATTLE (Scrap Monster): The World Steel Association (worldsteel) announced crude steel production statistics of world countries during the month of October this year. The global steel output remained unchanged during the month.
As per monthly statistics published yesterday, the global crude steel output totalled 147.3 million tons (Mt) in October. This is more or less unchanged when compared with the same month a year before. The year-to-date output totalled 1,552.7 Mt, which is down by almost 3.9% from Jan-Oct ’21 output.
By region, the largest steel producer was the Asia and Oceania, which recorded an output of 107.3 Mt during the month. The regional output recorded significant increase by 5.8% from the prior year. The region’s cumulative steel output during the first ten months of the year was down modestly by 2.1% to total 1,143.5 Mt, said worldsteel data.
In second place was the EU-27 countries, whose combined output totalled 11.3 Mt in October and 117.1 Mt in Jan-Oct ’22. The monthly and year-to-date steel output by the region recorded notable declines by 17.5% and 9.2% respectively. Meantime, the North American and South American production totalled 9.2 Mt and 3.7 Mt respectively.
The crude steel output by the Middle East region surged significantly by 6.7% in October this year to total 4.0 Mt. The Jan-Oct ’22 output too stood higher by 7.7% over the previous year. The Russia & Other CIS+ Ukraine region witnessed the biggest decline in output year-on-year. The output by the region dropped by 23.7% to 6.7 Mt.
Image and article originally from www.scrapmonster.com. Read the original article here.