China's share in global crude steel production rises to 58%

China's steel industry has been tested for its resilience

steel production

In the context of a decline in steel production in most other countries of the world due to COVID-19, China's share of global crude steel production rose to 57.5% in January-November 2020, up from 53.3% overall. 2019, according to the World Steel Association (WSA).

China's steel production has grown year on year every month since April, and China produced 961 million tonnes of crude steel in January-November, up 5.5% from last year, while total global production declined. up 1.3% year on year to 1.7 billion. tonnes, while production in countries and regions other than China fell 9.2% year on year, according to WSA statistics for 64 countries and regions.

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