Global Steel Production Down Again in July

World crude steel production tumbled in July, down 11.1% versus the same period last year. July’s output was also down 5.6% when compared to June, declining for the second straight month, but just the third time this year, according to World Steel Association (worldsteel) data.

Global output was estimated at 149.3 million metric tons in July. Steelmakers around the world decreased production by an estimated 8.8 million metric tons month-on-month (MoM).

David Schollaert

David Schollaert is a senior analyst for Steel Market Update. David joined SMU after more than a decade in the metals and mining industry in a myriad of different roles. Much of his early experience and expertise were within the coverage and analysis of steel-making raw materials and served previously as senior editor of the CRU Prices Service. Most recently, however, before his return to market analysis, David held roles as a metals buyer and an operations manager for raw material suppliers. Based in CRU’s Pittsburgh office, David can be reached at david@steelmarketupdate.com or 724-720-1008.

David Schollaert

Latest in Economy

Test Training – hot rolled

Steel Summit: Dr. Basu Says “You Can’t Handle the Truth!” of a Recession

Mexico Announces 25% Import Tariffs on Steel

Builder Confidence Declines as Mortgage Rates Rise

US Manufacturing Sector Contracts Again: ISM