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Global steel output continues decline

World steel output contracted in February as the downturn in the sector, led by China, continued to play out, according to statistics from the World Steel Association (WSA).

Global steel output continues decline Global steel output continues decline Global steel output continues decline Global steel output continues decline Global steel output continues decline

Despite recent iron ore price rises, Chinese steel production has decreased (photo: The Timken Company)

The 66 nations reporting to the WSA registered output of 120 million tonnes in February, down 3% from the 125Mt produced a year ago. The fall comes on top of a 7.1% decrease in January.

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