Global steel output up 24.2% in Nov.
Dec 21, 2009 | 10:34 AM
| Scott Robertson
Increases in crude steel production in the United States and China led a worldwide surge that saw total global steel output increase to 107.5 million tonnes in November, up 24.2 percent from slightly more than 86 million tonnes in the same month last year, according to World Steel Association (WorldSteel) statistics.
The increase by the 66 countries that report figures to WorldSteel reflected an overall rise in steel demand due in part to improved market conditions in emerging economies. Demand waned in fall 2008 as steelmakers worldwide reduced production amid the onset of the global financial crisis. While global steel production still remains below normal levels, November was the third consecutive month to show a positive year-on-year growth rate.....
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