China and India report steel output growth

World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) in October was 147.3 million tonnes (Mt) unchanged on the total for October 2021.

Of the top two steel-producing countries, China production of 79.8 Mt was up 11.0% on the same month the year before while India’s total was also up, by 2.7%, to 10.5 Mt.

All others apart from Iran reported lower totals to worldsteel in October 2022: Japan produced 7.3 Mt, (-10.6%); The US total was 6.7 Mt (-8.9%); Russia is estimated to have produced 5.8 Mt (-11.5%); South Korea produced 5.1 Mt (-12.1%); Germany 3.1 Mt (-14.4%); Turkey 2.9 Mt (-17.8%); Brazil is estimated to have produced 2.8 Mt (-4.5%); Iran produced 2.9 Mt (+3.5%).