Global steel production eases in August

Global steel mill production declined 5% from July to August, according to the latest data from World Steel Association (worldsteel). Steel mill output around the world totaled 144.8 million metric tons (mt) for the month of August, the lowest monthly rate of 2024.

For the first eight months of the year, global steel output has averaged 155.9 million mt per month. This is 2.3 million mt, or 1%, lower than the same period of 2023. August production is down 7% compared to the same month one year ago.