Global crude steel production increases 3.5% y/y in February

Global crude steel production increased by 3.5% year-on-year to 131.8-million tonnes in February, the World Steel Association (worldsteel) reported on Monday. Africa’s crude steel production increased by 4% year-on-year to 1.1-million tonnes, mainly as a result of a 7.6% year-on-year increase in Egypt’s crude steel output to 583 000 t. South Africa’s production decreased by 0.9% year-on-year to 491 000 t.