The cumulative crude steel production in CY ’20 was recorded at 1,829.14 mn t, down by 1% against 1,846.39 mn t in CY ’19, as per the WSA press release. Output volume were impacted due to production cuts scheduled in China. Also lower capacity utilization by manufacturers in various countries during the year on COVID-19 resulted to lower production this year. However, the production was up by 2% m-o-m and 6% annually at 160.86 mn t in Dec ’20.
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