WSA: Global Jan crude steel output up 4.8% on year
Feb 26, 2021 12:30
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Crude steel production among 64 countries worldwide under the monthly survey by World Steel Association (WSA) totaled 162.9 million tonnes in January, up 4.8% on year or 2 million tonnes or 1.2% more on month, according to the latest statistics released by the association on February 25, showcasing that global steel demand has been picking up steadily on support of recovering downstream sectors such as automobiles.
China, the world’s top steelmaking country, was estimated to score a 6.8% on-year growth in its January steel output to 90.2 million tonnes, or down 1.1 million tonnes on month, the association predicted, as China’s National Bureau of Statistics (NBS) usually bundles January-February data in March releases because of the