World crude steel production increases y-o-y in May’24: WSA

The World Steel Association (WSA) reported that crude steel production for the 71 countries has increased by 1.5% y-o-y to 165.1 mnt in May’24. Moreover, production volumes rose by 6% m-o-m against 155.7 mnt in Apr’24.

• China’s output increased by 2.7% y-o-y to 92.9 mnt.
• India’s production up by 3.5% y-o-y to 12.2 mnt.
• Japan’s production fell by 6.3% y-o-y to 7.2 mnt.