According to the World Steel Association, there was a 13% fall on Steel market across 64 countries due Coronavirus impact on the sector.
The trading volume per month was 6.9% from March to April, with 147.3 MT of crude steel production aroud the world.
Fall on Steel Market:
In Asia, production in April fell 7.5% on the year to 104.5 MnT, which was also down 0.7% from the previous month
Asia’s January-April crude steel production volumes totaled 418.7 MnT, down 2.1%.
China: 85MnT – down 0.2%, but 7.7% higher from March.
China was the only country that saw production climb on a month-on-month basis.
India: 3.1 MnT – down 65.2% on the year and lower by 61% from March.
EU: 10.7 MnT – down 11.8% In the first 4 months of 2020, the EU produced 49.4 MnT, 12.5% lower.
Germany: 3 MnT – down 10.7%
Italy: 1.35 MnT – down 3.7%
North America: 7.2 MnT – down 28.3%
USA: 5 MnT – 32.5% |
South America: 2.1 MnT – down 42.8%
Brazil: 1.8 MnT – down 39%
CIS Nations: 6.55 MnT – down 22.6%
Russia: 4.7 MnT – down 19.4%
Ukraine: 1.3 MnT – down 30.9%
Turkey: 2.2 MnT – down 26.3%
Africa: 602,986 MT – down 55.7%
Middle East: 2.6 MnT – down 22%
