Worldwide steel production was 2.9 percent higher in September than in the same month last year. Figures from the International Trade Organisation World Steel Association show this.
Total production in September amounted to 156.4 million tonnes of steel, slightly more than in August. China accounted for 59.2 percent of that production. China’s share of world steel production has been slowly declining for months. In May, China accounted for 62 percent of all steel produced worldwide. With this trend, it is clear that other countries ‘ economies are recovering after the hard blow of the coronacrisis.
After 92.6 megaton produced by China, India was the second largest producer with 8.5 megaton. Japan followed with 6.5 megaton. Germany is the largest steel producer in the European Union with 3 megaton steel production, slightly more than Italy and France combined. The United States contributed 5.7 megaton to global steel production.