Global Steel Production Expands in October

World crude steel production grew slightly in October after contracting for the four prior months. Steelmakers around the world produced an estimated 145.7 million metric tons of crude steel in October, up 0.9% or 1.3 million tons from the prior month, according to World Steel Association (worldsteel) data.

Since repeated months of record-breaking output from March through May, steel production had been trending down, accentuated by aggressive production cuts in China. October’s growth marked the first month of expansion since May. The expansion is notable, especially given a 3.0% contraction in China, where production was down 2.2 million tons in October.

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.

David Schollaert

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