Global Steel Output Slowing Again

Global steel production fell to 150.2 million metric tons during February, about 14.8 million metric tons or -8.8% less than during January, according to the latest monthly summary of raw-steel output provided by the World Steel Assn. While the month-to-month decrease may be attributed to fewer working days during February, the latest total indicates a 4.1% year-over-year increase from the February 2020 tonnage. During the first two months of 2021, global steel production amounted to 315.0 million metric tons, +6.6% more than the January-February 2020 total.