World crude steel production increased year on year but declined month on month in April, with the 64 countries that report to the World Steel Association (Worldsteel) producing 169.5 million tonnes of crude steel last month.
That total is up by 23.27% from 137.5 million tonnes in April 2020 and but down slightly from a revised 170.1 million tonnes produced in March 2021, according to the latest figures from Worldsteel released on Friday May 21.
Most major steel-producing nations appear to have recovered from last year's low output numbers, which were largely attributed to the Covid-19 pandemic.
"Virus-containment measures remain a key driver of global supply, but high global prices...