WSA: Global Sept crude steel output falls 1.5% YoY

The output decline was mainly due to the fall in steel production from China, the world's top steelmaking country. Last month, China's crude steel production contracted by 5.6% on year - as against August's 3.2% on-year growth – to sit at 82.1 million tonnes, accounting for 55% of the world's total. The production tonnage was also lower by 5% from August and marked the third consecutive on-month drop, Mysteel Global calculated based on the WSA data.

The global crude steel output had decreased for the third straight month too by another 2.3% on month in September, though over January-September, the 63 countries' steel output saw an uptick of 0.1% on year to 1.41 billion tonnes. Within the totals, China's crude steel output recorded 795.1 million tonnes in the past nine months, and the volume increased by 1.7% from the same period of last year.

In September, crude steel output in the other 62 countries grew 3.9% on year to reach 67.2 million tonnes, higher than the 0.9% on-year uptick for August, the WSA data found.

India, the world's second-largest steelmaking country, posted the most significant on-year gains in steel output among the top ten steel-producing countries, with its production volume in September swelling by 18.2% on year to 11.6 million tonnes and the accumulative volume for the past nine months growing 11.6% on year to 104.1 million tonnes, the data showed.

Apart from China, Japan, Brazil, and Iran reported on-year declines in their respective steel output for September, and all the three countries also recorded on-year falls in steel output for the January-September period, according to the release.

(e): estimated, source: WSA

Written by Rong Zhang, zhangronga@mysteel.com

Edited by Alyssa Ren, rentingting@mysteel.com