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Global H1 crude steel output declines 0.7% YoY

ByArticle Source LogoSEAISI News07-27-20262 min
SEAISI News
Steel

Crude steel production among the 70 countries and regions checked by the World Steel Association (WSA) totaled 931.5 million tonnes over the first half of this year, edging down by a small 0.7% from the same period last year, according to the association's latest release published on July 23.

The on-year decline in cumulative output over the six months was half the 1.5% decrease recorded for January-May, thanks to a lift in output last month to 155.7 million tonnes, higher by 1.7% from June last year, according to the WSA release.

China, the world's largest steelmaker, produced 83.7 million tonnes of crude steel in June, edging up marginally by 0.4% on year. Nevertheless, the country's cumulative output for H1 dropped by 3% on year to 500 million tonnes, the WSA survey result showed. However, the decline over the six months narrowed slightly from the 3.9% slip in the first five months.

The WSA figure for China was identical to that announced earlier by China's National Bureau of Statistics of 500 million tonnes with a 3% on-year slide, as Mysteel Global reported.

Meanwhile, crude steel output in India, the world's second-largest steelmaking country, continued to grow strongly in June, rising by 4.5% on year to top 14.1 million tonnes, the WSA release indicated. This also lifted the country's H1 production by a larger 7.1% on year to 87 million tonnes.

The United States also posted further gains in output, with its crude steel production in June mounting by 3.5% on year to 7.2 million tonnes. This took cumulative output over the first half of the year to 42.8 million tonnes, higher by 6.3% from January-June last year, according to the WSA.

Other major steel-producing countries, including South Korea, Türkiye, Germany, and Vietnam, also recorded on-year output gains in H1, Mysteel Global noted.

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