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    June 24, 2022

    Global Steel Production Accelerates in May

    Written by David Schollaert

    World crude steel production rose in May, gaining ground for a third consecutive month and reaching its second-highest mark on record. Global output was estimated at 169.5 million metric tons in May. Steelmakers around the world increased production by an estimated 6.8 million metric tons, or 4.2%, from April, according to World Steel Association (worldsteel) data.

    Last month’s gain in crude steel production was driven by a broad increase in output across the top 10 steel-producing nations. China’s production rose 4.1% month on month (MoM), while crude steel production in the rest of the world rose MoM in May by 4.3%, to a total of 72.9 million metric tons

    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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