https://www.engineeringnews.co.za

Steel downturn evident in global production figures for March

8th May 2020

By: Marleny Arnoldi

Online News Editor

     

Font size: - +

Crude steel production by the 64 countries reporting to the World Steel Association (worldsteel) decreased by 6% year-on-year in March to 147-million tonnes.

The association says the global steel industry is being impacted on by factory shutdowns, disrupted supply chains, collapsing confidence, delayed investment and construction projects and a decline in consumption activity.

Financial market volatility and collapsing oil prices have further undermined investment.

The duration of the present disruption is currently impossible to judge, says worldsteel.

In March, Africa produced one-million tonnes of crude steel, a 22% year-on-year decrease on the 1.3-million tonnes produced in March 2019. Egypt produced 682 000 t of steel in March, while Libya produced 23 000 t and South Africa 300 000 t.

The world’s biggest steel producer, China, produced 79-million tonnes of steel in March, a 1.7% year-on-year decrease.

For the three months ended March 31, the world produced 443-million tonnes of crude steel, compared with 449-million tonnes in the three months ended March 31, 2019.

African producers contributed 3.5-million tonnes to production in the first quarter of this year, compared with 3.8-million tonnes in the first quarter of last year.

Asia produced 315-million tonnes of crude steel in the first quarter of 2020, a decrease of 0.3% on the first quarter of 2019.

The European Union produced 38-million tonnes of crude steel in the first quarter of this year, down 10%, compared with the same quarter last year.

North America’s crude steel production in the quarter under review was 29.5-million tonnes, which was 4% lower year-on-year.

Edited by Chanel de Bruyn
Creamer Media Online Managing Editor

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Sulzer Pumps (SA) (Pty) Ltd
Sulzer Pumps (SA) (Pty) Ltd

Sulzer South Africa, established in 1922, partners with critical industries like power, oil & gas, water, mining, and chemicals to boost...

VISIT SHOWROOM 
WearCheck
WearCheck

Leading condition monitoring specialists, WearCheck, help boost machinery lifespan and reduce catastrophic component failure through the scientific...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







301

sq:0.041 0.447s - 122pq - 2rq
Subscribe Now