Global crude steel output up 4% in February – Worldsteel

Total crude steel output across 64 major producer countries was 150.2 million tonnes in February 2021, down by 8% month on month but up by 4% from February 2020, the World Steel Association (Worldsteel) said on March 23.

Compared with February 2020, most regions reported a decline in crude steel output, led by North America (down 8.9%), the European Union (down 7.1%) and Africa (down 6.4%).

China – the world’s largest steelmaker – produced about 83 million tonnes in February 2021, up 10.9% from February 2020. Total crude steel output in South Korea was up 1.2% on a year-on-year basis at about 5.5 million tonnes in February.

Output in India was 9.1 million tonnes, a decline of 3.1%, while Japan’s output fell by 5.6% to 7.5 million tonnes.

Crude steel output for February 2021 in the 27 countries of the EU totaled 11.9 million tonnes, down by 7.1% from the same month in 2020, with output in Germany dropping by 10.4% year on year to about 3.1 million tonnes after four consecutive months of recovery. 

The United States continued to report the largest decline in crude steel output among the top-10 steelmaking countries, with February’s total down by 10.9% year on year at 6.3 million tonnes.

In the Commonwealth of Independent States (CIS), total crude steel output fell to 8 million tonnes in February 2021, down by 1.5% year on year. Meanwhile, Russia produced 5.7 million tonnes of steel, falling 1.3% compared with the same month last year.

Turkey’s crude steel production for February was 3 million tonnes, up by 3.4% on a yearly basis.

Brazil produced 2.8 million tonnes in February 2021, up by 3.8% year on year, while Iran was estimated to have produced 2.3 million tonnes over the same period, up by 11.5% from 2020 – the largest rate of increase among the top-10 steelmaking countries, Worldsteel said.

What to read next
Soybean futures on the Chicago Mercantile Exchange held broadly steady in the front end of the curve on Thursday May 29, while contracts for farther delivery months faced some downward pressure.
Fastmarkets published its assessment of the MB-STE-0232 steel scrap No1 busheling, consumer buying price, delivered mill Chicago, $/gross ton on Thursday June 5, 2025.
US and European wheat futures rose on Thursday May 29 amid technical buying while market participants shrugged off projections of robust crops in Russia, India and the EU.
The Chinese steel market is expected to remain reliant on export-led growth for the rest of 2025, amid poor domestic consumption and a lack of investor confidence in the property sector, delegates were told at the Singapore International Iron Ore Forum on Wednesday May 28.
The following prices were published at 4:24pm London time, instead of by the scheduled time of 4pm London time: MB-IRO-0002 Pig iron export, fob main port Black Sea, CIS, $/tonneMB-IRO-0014 Pig iron import, cfr Italy, $/tonneMB-FE-0004 Hot-briquetted iron, cfr Italian ports, $/tonne These prices are a part of the Fastmarkets Steel Raw Materials Physical Prices package. For more […]
Due to the reduced liquidity in that market linked to the combination of seasonal demand patterns and the implementation of cross-border import tariffs between the US and China, Fastmarkets proposes to assess AG-SYB-0005 Soybean CFR China (US Gulf) $/mt and AG-SYB-0006 Soybean CFR China (US Gulf) Premium c$/bu based on its assessments for AG-SYB-0020 Soybean FOB US Gulf $/mt and AG-SYB-0021 Soybean FOB […]