Global crude steel production fell 5.7 percent in February

World Steel Association (Worldsteel) has announced crude steel production data for February. Global crude steel production fell 5.7 percent to 142.7 million tons in February, compared to the same period in 2021. In the same period, China's production decreased by 10 percent to 75 million tons.

The production of China, the world's largest steel producer, decreased by 11.2 percent in January.

While Japan's production decreased by 2.3 percent to 7.3 million tons, Germany's production increased by 3.8 percent to 3.2 million tons, while the production of the USA increased by 1.4 percent to 6.4 million tons.

Turkey's crude steel production decreased by 3.3 percent
Turkey's crude steel production, on the other hand, decreased by 3.3 percent in February compared to the same period of the previous year, and decreased to 3 million tons.

In the same period, steel production in Brazil, which decreased by 6.9 percent to 2.7 million tons, is estimated to increase by 3.7 percent to 2.5 million tons in Iran.

Meanwhile, in January-February 2022, global crude steel production decreased by 5.5 percent compared to the same period last year, to 299.4 million tons.

German steel industry warns of natural gas embargo to Russia
On the other hand, Hans Jürgen Kerkhoff, President of the German Steel Association, said, "Without natural gas from Russia, steel production cannot be done at the moment." said.

Emphasizing that steel is the basic material of almost all industrial value chains, Kerkhoff said, "Therefore, the immediate ban on Russian gas imports will not only lead to a cessation of production in the steel industry, but also to a decline in industrial production in Germany and the EU. Without natural gas from Russia. steel cannot be produced at this time." used the phrases.

Stating that the German government should rapidly reduce Russian dependence on natural gas and focus more on supply security, Kerkhoff said, "However, stopping natural gas imports from Russia without safe alternatives will present a risk of shutdown for companies in the steel industry." said.

Germany gets 55 percent of its natural gas, 35 percent of its crude oil and 45 percent of its coal from Russia.