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SSY News
 MODEST MONTHLY INCREASE IN GLOBAL STEEL PRODUCTION |
23-10-2009 |
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World steel production in September reached 107.0 Mt, a gain of just 0.5 Mt on August, according to Worldsteel. The data show virtually flat growth year-on-year, although September 2008 was one of the first months to experience output cuts due to the sudden worsening economic conditions. Furthermore, there remains a sharp contrast between trends in China, where output was up 27% YoY to 50.7 Mt, and other major producing areas. For example, Japan (8.3 Mt, down 18%), the US (5.4 Mt, down 31%) and the EU-27 (13.2 Mt, down 24%) are still well short of year-ago levels. |
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