Economy
July 29, 2018
Global Steel Production: China Hits High of 53 Percent in June
Written by Peter Wright
China’s share of global steel production is setting a new high each month.
Global steel production was down by 1.1 percent in June, but May’s production hit an all-time high and June was the second highest month ever, according to the latest Steel Market Update analysis of World Steel Association data. In three months through June, Chinese production grew by 9.0 percent year over year as the rest of the world grew by 3.4 percent. In 2018, China is increasing its share of global steel production, which now stands at an all-time high of 53.0 percent.
