WSA: Global Jan-Oct steel output dip slows to 2%
Nov 25, 2020 14:30
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Crude steel output amongst the 64 countries under the monthly survey of the World Steel Association (WSA) amounted to 1.5 billion tonnes over January to October, down 2% on year, according to new WSA data. But the pace of the decline had slowed by 1.2 percentage points from January-September result, indicating that steel producers globally are gradually emerging from the impact of the COVID-19 pandemic.
In October alone, crude steel production among the 64 countries increased faster by 7% on year to 161.9 million tonnes, or higher than the 156.4 million tonnes in September, according to the association.
However, many of the 64 countries were still only estimating their steel production figures given the continuing disruption