Global crude steel production falls 0.6% y-o-y in Jan-Jul’26

Global crude steel production fell 0.6% y-o-y to 1,081.2 mnt in January-July 2026, extending the decline seen since the start of the year. However, the pace of contraction has eased in recent months. Output fell 0.3% y-o-y in May, rose 1.7% in June, and slipped only 0.3% in July, pointing to a gradual stabilisation in global production.