Global steel output jumped 8.3% in March, according to World Steel Association’s (worldsteel's) latest release. Production is now at the highest level seen in 10 months, rebounding from a near six-year low observed just three months prior.
Steel is a foundation of the global economy. It is an essential raw material for nearly every industry, from automotive and construction to transportation, machinery, and energy.
Bula tapped as CEO of Finland's Blastr
Cleveland-Cliffs and the Global Steel Climate Council (GSCC) are two of the newest members to join the World Steel Association (worldsteel).
World steel output slipped in February according to World Steel Association’s (worldsteel) latest monthly report. With the exception of January’s surge, monthly production levels have declined ten out of the past eleven months.
Global steel output moved up in January, recovering from consecutive declines in November and December, the World Steel Association (worldsteel) said in its latest monthly report.
While seaborne trade has been challenging due to weak global steel production, demand for ferrous scrap in the US remains strong, according to Sims Ltd.
Global steel output fell in December, led by cuts in China, the World Steel Association (worldsteel) said in its latest monthly report. Annual totals in 2023 saw a similar trend.
Global steel production rose in November compared to a year earlier with output in China roughly flat and significant gains elsewhere, according to the latest figures from the World Steel Association (worldsteel).
Nippon Steel will acquire U.S. Steel in a deal valued at $14.9 billion, or $55 per share, the two companies announced on Monday morning. The Japanese steelmaker will keep U.S. Steel's iconic logo and its Pittsburgh headquarters, the companies said.
Global steel output inched higher from September to October, even as production declined in China, the World Steel Association (worldsteel) said in its latest monthly report.
Global steel production dropped in September for a third consecutive month, according to the latest figures from the World Steel Association (worldsteel). Approximately 149.3 million metric tons of crude steel were produced globally in September. That’s a 2.1% decline from the estimated 152.6 million metric tons produced in August. September’s production was down 1.5% from September […]
Nucor’s President and CEO Leon Topalian has been named the new chairman of the World Steel Association (worldsteel).
Global steel production tapered off in August vs. July, according to the latest figures from the World Steel Association (worldsteel).
Global steel production increased 6.6% year over year (YoY) in July to 158.5 million metric tons, according to the latest report from the World Steel Association (worldsteel).
The Global Steel Climate Council (GSCC) has officially published its Steel Climate Standard.
Global steel production slipped modestly in June as output declined in the world ex-China, according to the latest figures from the World Steel Association (worldsteel). Globally, an estimated 158.8 million metric tons of crude steel was produced in June, worldsteel said. This was a 1.7% decline from the month prior, and comparable to the 158.1 […]
Global steel production slipped modestly in June as output declined in the world ex-China, according to the latest figures from the World Steel Association (worldsteel).
Global crude steel output during the month of May was flat from April but down almost 5% from the same month last year, according to the most recent data from the World Steel Association (worldsteel). Monthly production dipped in China while rising in the rest of the world (RoW). May’s steel production totaled 161.6 million […]
Global steel production during the month of May was largely steady compared to the prior month, though down vs. the same year-ago period, according to the latest data from the World Steel Association (worldsteel). Worldsteel reports an estimated 161.6 million metric tons of crude steel was produced globally in May. This was an 0.1% increase […]
After hitting a 10-month high in March, global crude steel production fell back in April as output declined in both China and the rest of the world (RoW). Production was down 2.4% from the same month last year, according to the latest data from the World Steel Association (worldsteel) analyzed by SMU. Global steel output […]
Global steel production during the month of April was lower both sequentially and on-year, according to the latest data from the World Steel Association (worldsteel). Worldsteel reports an estimated 161.4 million metric tons of crude steel was produced globally in April. This was a 0.8% drop from the month prior and a 2.4% decline from […]
Steel Market Update is pleased to share this Premium content with Executive members. For information on upgrading to a Premium-level subscription, email info@steelmarketupdate.com. World crude steel production rebounded month on month (MoM) in January, driven by widespread increases worldwide. Global production was down, though, more than 6% vs. the same period last year, according to World […]
World crude steel production declined month on month (MoM) in November, driven by a widespread decline worldwide. Global production was also down nearly 3% vs. the same period last year, according to World Steel Association (worldsteel) data. November’s output lost ground when compared to October, down 5.6%, declining for the second straight month. World crude […]
World crude steel production declined month-on-moth (MoM) in October, driven almost singlehandedly by lower Chinese output. Global production was still, however, up 1.1% versus the same period last year, according to World Steel Association (worldsteel) data. October’s output lost ground when compared to September, down 2.9%, declining for the first time in three months. World […]
World crude steel production edged up slightly month-on-moth (MoM) in September, though driven almost singlehandedly by Chinese output. Global production was also up 5.1% versus the same period last year, according to World Steel Association (worldsteel) data. September’s output gained marginal ground when compared to August, up just 0.7%, but expanding for the second consecutive […]
Global crude steel production was estimated at 151.7 million metric tons in September as steelmakers around the globe increased output by 7.3 million metric tons, or 5.1%, from the same period last year, the World Steel Association (worldsteel) reported. Last month’s estimated production was also up sequentially, edging up by just 0.7%, or 1.1 million […]
World crude steel production recovered slightly month-on-moth (MoM) in August but remained down roughly 4% versus the same period last year. August’s output gained marginal grown when compared to July, up 0.9%, recovering for the first time in three months, according to World Steel Association (worldsteel) data. Global output was estimated at 150.6 million metric […]
Global crude steel production was estimated at 150.6 million metric tons in August as steelmakers around the world cut back on output by 6.2 million metric tons, or 4%, from the same period last year, the World Steel Association (worldsteel) reported. Last month’s estimated production was up sequentially, though, edging up by 0.9%, or 1.3 […]
World crude steel production tumbled in July, down 11.1% versus the same period last year. July’s output was also down 5.6% when compared to June, declining for the second straight month, but just the third time this year, according to World Steel Association (worldsteel) data. Global output was estimated at 149.3 million metric tons in […]