A couple of weeks ago Worldsteel published their report on steel production in April, showing that total global output of crude steel was a total of 132.1 million tonnes.
This figure comes in at 1.9% higher than the same month in 2012, and an average of 1.5% higher on an average daily basis than March 2013. This growth in steel production comes as something of a surprise when considering regional statistics.
The steel production of April this year compared to the same month in 2012 in the US and South Korea is 7% lower, and in Europe both Italy and France showed a 12% reduction in production in the same period.
The global figures are evidently buoyed by steel production in China and India, which rose by 8% and 4% respectively between 2012 and 2013. As we know, the steel production in Asia is expected to rise through the year due to an increase in demand from steel consuming industries such as construction and vehicle production.