Global Steel Production Drops 0.3% in September

Global steel production contracted in September, according to the most recent monthly data from the World Steel Association.
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In September, steel production from the 64 countries reporting data to the World Steel Association totaled 151.5 million tons, down 0.3% on a year-over-year basis.
For the first nine months of the year, production reached 1,391.2 million tons, up 3.9% compared with the first nine months of 2018.
Asian production reached 1,000.1 million tons through the first nine months of the year, up 6.3% from the first nine months of 2019.
Production in the E.U. reached 122.5 million tons, down 2.8% compared with the first nine months of 2018.
North American crude steel production in the first nine months of 2019 increased 0.3% to 90.6 million tons, while the Commonwealth of Independent States produced 76.0 million tons, down by 0.1% year over year.
Meanwhile, China’s September 2019 production reached 82.8 million tons, up 2.2% compared to September 2018. September production marked a decline in terms of relative year-over-year growth, as August 2019 year-over-year growth registered at 9.3%.
India’s production reached 9.0 million tons, marking a 1.6% increase. Japan produced 8.0 million tons, decreasing 4.5% year over year. South Korea’s crude steel production hit 5.7 million tons in September, marking a 2.7% year-over-year decline.
In the E.U., Germany churned out 3.4 million tons of crude steel, which marked a 4.0% year-over-year decrease. Italy’s production increased 1.1% to 2.2 million tons. France’s production fell 10.2% to 1.2 million tons, while Spain’s production also hit 1.2 million tons (marking a 1.0% decline).
U.S. production totaled 7.1 million tons, down 2.5% year over year (although year-to-date production remains higher than for the same period in 2018).
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Elsewhere, September production totals in Brazil, Turkey and Ukraine were down by 22.0%. 6.9% and 2.3%, respectively, on a year-over-year basis.

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