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Global crude steel production fell 2.6% in November

Global crude steel production decreased by 2.6% to 139.1 million tons in November compared to the same period last year.

World Steel Association (Worldsteel), headquartered in Brussels, announced the crude steel production data for November.

Accordingly, global crude steel production decreased by 2.6% to 139.1 million tons in November compared to the same period of 2021.

In the said period, the production of China, the world’s largest steel producer, increased by 7.3% to 74.5 million tons.

Japan’s production decreased by 10.7% to 7.2 million tons, Germany’s production decreased by 17.9% to 2.8 million tons, and the USA’s production decreased by 10.5% to 6.4 million tons.

Turkiye’s crude steel production, on the other hand, decreased by 30.7% to 2.4 million tons in November compared to the same period of the previous year.

In the said period, it is estimated that steel production decreased by 9.6% to 5.6 million tons in Russia and increased by 3.9% to 2.9 million tons in Iran.

Meanwhile, in January-November 2022, global crude steel production decreased by 3.7% compared to the same period of the previous year, to 1 billion 691 million tons.

Source: Trthaber / Translated by Irem Yildiz

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