• Skip to main content

    Market Data

    April 25, 2022

    WSA: Global Steel Production Recovered in March

    Written by David Schollaert

    Global crude steel production was estimated at 161.1 million metric tons in March as steelmakers around the world expanded output by 18.4 million metric tons, or 12.9%, 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 had waned in seven of the last ten months, driven largely by Chinese cutbacks. Though global production as a whole rebounded MoM in March, the double-digit percentage growth was driven by China’s 17.7% surge in steel production – a gain of 13.3 million metric tons versus February. Output in the rest of the world rose MoM in March by 7.5%, or 5.1 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.

    Read more from David Schollaert

    Latest in Market Data