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World steel output up

Global crude steel production rose 2% in May, year-on-year, but despite a steeper month-on-month decline than typical seasonality trends, RBC Capital Markets saw the positive.

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Production process of billets at NLMK Kaluga, the next-generation EAF mill (Image: worldsteel/Robert Kolykhalov)

Production process of billets at NLMK Kaluga, the next-generation EAF mill (Image: worldsteel/Robert Kolykhalov)

“Despite the slowdown, all major regions apart from CIS continued to exhibit positive year-on-year trends,” RBC said in a note yesterday. The World Steel Association said world crude steel production...

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