Steel Production Remains Flat

In a further sign of weak demand in construction and manufacturing, worldwide production of steel remains subdued, the most recent data shows.

In June, the world produced a total of 127.9 million tonnes (MT) of crude steel, data from the World Steel Association indicates – a decrease of 0.1 per cent when compared with the same month in 2011.

Over the first six months of the year, though overall steel production volumes are up, they have risen by less than one per cent (0.9 per cent) and have actually not increased at all outside of China.