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Global crude steel production decreased

The World Steel Association reported that global crude steel production decreased in January.

Global crude steel production decreased
According to statistics, global crude steel production in January 2023 amounted to 145.3 million tons, down by 3.3% from the previous year.
Asia's crude steel production decreased by 0.2% YoY to 107.5 million tonnes, China's production increased by 2.3% YoY to 79.5 million tonnes, and the crude steel production of 27 EU countries decreased by 15.2% YoY to 10.3 million tonnes.
Crude steel production in Africa down by about 5% YoY to 1.2 million tons, while production in the Middle East increased by 19.7% YoY to 3.8 million tons.
North American crude steel production decreased by 5.6% YoY to 9.1 million tonnes, while South American production decreased by 0.6% YoY to 3.6 million tonnes.

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