Economy
December 9, 2020
Global Steel Production Through October
Written by Peter Wright
Data from the World Steel Association through October shows how much global crude steel production has recovered from the worst of the pandemic earlier in the year.
Figure 1 shows annualized monthly global steel production on a three-month moving average (3MMA) basis and capacity utilization since January 2000 based on capacity data from the OECD. Capacity utilization in October on a 3MMA basis was 80.9 percent. On a tons-per-day basis, production in October was 5.222 million metric tons. This was the third highest month ever following the record in June 2019 and September 2020. June 2019’s all-time high was 5.318 million metric tons.
