World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 167.9 million tonnes (mn t) in June 2021, an 11.6% increase compared to June 2020.
The output volume increased by 11.6% against 150.45 mn t a year ago. Recovery in most of the global economies in CY 21 and the global spread of Covid-19 during March-June 2020 with stringent lockdowns is relatable to this increase.
China’s steel output stood at 93.90 mn t in June 2021, up by a mere 1.5% against 92.51 mn t in the corresponding period last year. There were several factors that restrained growth in China’s steel production.
India, the second-largest steel producing nation, churned out 9.40 mn t more in June 2021 against 7.74 mn t in the preceding year.
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