World Crude Steel Production Rises 11.6% y-o-y In June 2021
The output volume increased by 11.6% against 150.45 mn t a year ago. Recovery in most of the global economies in CY 21 and the global spread of Covid-19 during March-June 2020 with stringent lockdowns is relatable to this increase.
China's steel output stood at 93.90 mn t in June 2021, up by a mere 1.5% against 92.51 mn t in the corresponding period last year. There were several factors that restrained growth in China's steel production.
India, the second-largest steel producing nation, churned out 9.40 mn t more in June 2021 against 7.74 mn t in the preceding year.