Steel Matters- Nov/Dec2022

World crude steel production for the 64 countries reporting to the World Steel Association(worldsteel) was 147.3 million tonnes (Mt) in October 2022, unchanged compared toOctober 2021. Source: Worldsteel Association Africa produced 1.4 Mt in October 2022, up 2.3% on October 2021. Asia and Oceania produced107.3 Mt, up 5.8%. The EU (27) produced 11.3 Mt, down […]
According to the World Steel Association (worldsteel) crude steel production for the 64 countries reporting to the Association was 151.7 million tonnes (Mt) in September 2022, a 3,7% increase compared to September 2021. However, year to date Crude Steel Production remains 4,3% below the previous corresponding period Jan-Sep 2021. Africa produced 1.4 Mt in September […]
According to the World Steel Association’s Short Range Outlook (SRO) for 2022 and 2023 steel demand will decline by 2,3% in 2022 after increasing by 2.8% in 2021. In 2023 steel demand is expected to recover only slightly by 1,0%. The current forecast represents a downward revision over the earlier forecast. According Mr. Máximo Vedoya, […]
With direct emissions accounting for more than a quarter of total industrial emission, the steel sector is of critical importance for achieving the Paris Agreement’s climate goals. While the mission of decarbonising steel is an urgent and compelling one, it remains a challenging task to accomplish, requiring a profound and complex transformation of its production […]