According to statistics released by the World Steel Association (worldsteel), the global crude steel output amounted to 161 million tons in March this year, falling by 5.8% compared to the same month a year ago. China was the largest producer with 88.3 million tons, down by 6.4% year on year.

In the first quarter, the global crude steel production had a year-on-year decrease of 6.8%, reaching 456.6 million tons.

Among them, the output in Asia and Oceania was down by 7.8% to 331.3 million tons, that in the EU’s 27 countries decreased by 3.8% to 36.8 million tons, that in North America fell by 0.9% to 28.1 million tons, and that in Russia, Ukraine, and other CIS countries was down by 8.5% to 24 million tons, all compared to the first quarter in 2021.