Global steel production rises 6.6% y/y in May

Global crude steel production increased by 6.6% year-on-year to 154.9-million tonnes in May, the World Steel Association (worldsteel) reported on Monday. China’s crude steel production increased by 8.9% year-on-year to 8.1-million tonnes in May, while Japan produced 9.1-million tonnes of crude steel in May – a 1.8% year-on-year increase.