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    September 1, 2021

    Global Steel Production Falls Further in July

    Written by David Schollaert

    World crude steel production contracted for the second straight month in July after repeated months of record-breaking output, according to World Steel Association (worldsteel) data. Global production in July, at an estimated 161.7 million metric tonnes, declined 3.7% from June, but was still 4.0% higher than the same period last year.

    Since March’s historic 12.7% jump, world crude steel production had been gaining momentum, peaking at 174.4 million tonnes in May. Global output has since trended down, reaching its lowest level since February. July’s total is 12.7 million tonnes lower than May’s high and 6.2 million tonnes below June’s total. Total global output in July was greatly affected by a 7.6% decrease in Chinese production, along with smaller decreases in five of the top 10 steel-producing countries, reported worldsteel.

    David Schollaert

    David Schollaert is deputy editor-in-chief for Steel Market Update. David joined SMU after more than a decade in the metals and mining industry in a myriad of different roles. Much of his early experience and expertise were within the coverage and analysis of steel-making raw materials and served previously as senior editor of the CRU Prices Service. Most recently, however, before his return to market analysis, David held roles as a metals buyer and an operations manager for raw material suppliers. He can be contacted at david@steelmarketupdate.com or 724-720-1008.

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