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.
Crude steel output of the world's top 10 steelmaking countries | ||||
Country | Sept 2023 | Jan-Sept 2023 | ||
(mln t) | Y-o-Y (%) | (mln t) | Y-o-Y (%) | |
Total 63 | 149.3 | -1.5 | 1,406.4 | 0.1 |
China | 82.1 | -5.6 | 795.1 | 1.7 |
India | 11.6 | 18.2 | 104.1 | 11.6 |
Japan | 7.0 | -1.7 | 65.4 | -3.6 |
U.S. | 6.7 | 2.6 | 60.6 | -1.4 |
Russia (e) | 6.2 | 9.8 | 57.1 | 4.8 |
South Korea | 5.5 | 18.2 | 50.4 | -0.4 |
Germany | 2.9 | 2.1 | 27.2 | -3.6 |
Türkiye | 2.9 | 8.4 | 24.5 | -10.1 |
Brazil (e) | 2.6 | -5.6 | 24.0 | -8.0 |
Iran | 2.4 | -12.7 | 22.1 | -0.6 |
(e): estimated, source: WSA
Written by Rong Zhang, zhangronga@mysteel.com
Edited by Alyssa Ren, rentingting@mysteel.com
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