Global steel production rises 2.6pc in August

Global crude steel production in August was up 2.6 per cent, compared with production in August 2017, according to a World Steel Association report.

The 64 countries reporting production to the World Steel Association produced a total of 151.7 million tonnes in August. Global production reached 147.9 million tonnes in August 2017, reports agmetalminer.com.

China produced 80.3 million tonnes in August, up 2.7 per cent from August 2017 (when it was 78.2 million tons). Chinese production growth has been on the decline since May, when it hit 8.9 per cent. Chinese production growth was up 7.2 per cent year over year in July.

Meanwhile, India saw its production rise 3.7 per cent year over year, up to 8.8 million tonnes.

The US produced 7.5 million tonnes of crude steel in August 2018, marking an increase of 5.1 per cent, compared to August 2017.