China helps lift world steel output 2.6%

Jun 20, 2013 | 01:36 PM |

Tags  crude steel production, World Steel Association, WorldSteel, steel output, steel

NEW YORK — Global crude steel production increased 2.6 percent to 136.3 million tonnes in May from 132.81 million tonnes a year earlier, with a 7.3-percent gain in Chinese output more than offsetting declines in North America and Europe.

China’s production totaled 67.03 million tonnes, up from 62.5 million tonnes in May last year, according to the latest data from the World Steel Association (WorldSteel). This pushed total Asian production to nearly 91 million tonnes, up 5.7 percent from 86.1 million tonnes a year earlier. South Korea was the only country in the region to register a decline, with output falling 7.1 percent to 5.53 million tonnes from 5.95....

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