- China produced more crude steel than ever before in July.
- It also produced more steel than the rest of the world combined during the month, continuing the pattern seen since February.
- Steel output in the United States stood at 7.3 million tonnes, up 4.5% from 12 months earlier.
Chinese crude steel production hit another record high in July, surpassing the previous peak struck in May this year.
According to the World Steel Association (wordlsteel), Chinese output rose to 81.2 million tonnes during the month, up from 80.2 million tonnes in June and the previous record high of 81.1 million tonnes set in May.
From a year earlier, production in July was up an impressive 7.2%, seemingly defying ongoing output curbs that have been in place in many northern provinces during summer.
Putting the Chinese production figure into perspective, output at the remaining 63 nations that worldsteel collates data for stood at 73.3 million tonnes in July, an increase of 4.2% on the same month a year earlier.
Put another way, China produced more steel than the rest of the world combined last month, continuing the pattern seen since February.
Of major producers, output in India stood at 9 million tonnes, up 8% from 12 months earlier. Japan and South Korea produced 8.42 and 6.2 million tonnes respectively while output in the United States rose to 7.3 million tonnes, an increase of 4.5% from July 2017.
In the European Union, output stood at 14.5 million tonnes, up 3.9% from a year earlier.
Combined, output at the 64 nations monitored by worldsteel rose to 154.6 million tonnes in July, just shy of the record set two months earlier.
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