EU-28 Crude Steel Output Witnessed 4.2% Decline
The European crude steel production recorded modest decline in April 2019. The domestic production totaled 14.064 million tonnes (Mt) during the month, as reported by the World Steel Association (worldsteel). This is lower by 4.2% when matched with the output of 14.687 Mt achieved by the region in the same month a year before. The cumulative steel output during Jan-Apr ’19 too reported marginal decline by nearly 2.1% over the previous year.
The top five steel producing countries in the region were Germany, Italy, France, Spain and Poland. The combined production by the above five countries totaled 8.754 Mt, accounting for more than 62% of the total regional output. The leading steel producer in the region was Germany, whose output totaled 3.358 Mt of steel during the month. The German production dropped significantly by 8.7% over the previous year. Italy too reported modest decline in steel output during the month. The Italian production totaled 1.950 Mt, down by 5.7% over the previous year. France and Spain reported year-on-year decline in production, whereas Poland’s output surged.
The EU-28 crude steel production totaled 56.647 Mt during the initial four-month period of 2019. Over the four-month period, Greece reported biggest jump in output. The country’s output surged higher by just over 20% when matched with Jan-Apr ’18. On the other hand, the UK recorded biggest decline in output, falling by approximately 15% year-on-year.