WSA: Global Steel Production Sank Further in February

Global crude steel production was estimated at 142.7 million metric tons in February as steelmakers around the world cut output by 12.3 million metric tons, or 7.9%, from the prior month, the World Steel Association (worldsteel) reported.

Since reaching an all-time high of 174.4 million metric tons last May, global steel output has waned in seven of the last nine months, driven largely by Chinese cutbacks. Chinese steel production was down 6.7 million metric tons, or 8.2%, last month versus January. Output in the rest of the world also fell month on month in February by 7.6%, or 67.7 million metric tons, worldsteel said.

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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