World Steel Association: Global Steel Production Up 10% in Q1-2021
Brussels – The World Steel Association said Thursday that global crude steel output rose 10% year-on-year in the first quarter of 2021.
Crude steel production reached 486.9 million tons in January-March for the 64 countries reporting to the platform, the association noted.
China’s steel production jumped 15.6% to 271 million tons in the first quarter, hence remaining the world’s largest crude steel producer with more than half of global output.
In India, the production reached 29.6 million tons in India, an increase of 10.4% during the same period.
For other major producers such as Japan and the US, they saw their crude steel output decreasing 1.7% and 6.3% to 23.7 million tons and 20.4 million tons, respectively.
The World Steel Association is a prominent industry group, with its members representing around 85% of global steel production with more than 160 steel producers.