Global Steel Production (Jun.)

Growth in global steel production remained in double digits in June, but this largely reflects the low base for comparison from last year. Meanwhile, government-imposed environmental controls in China weighed heavily on steel production there, and renewed efforts to clamp down on excess steelmaking capacity in recent weeks suggest it will fall further in the months ahead.
Kieran Clancy Assistant Commodities Economist
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Metals Data Response

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Despite high prices, global steel output contracted in August. And given that the authorities in China are proactively encouraging lower output there, further falls in the coming months appear likely.

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Global aluminium output growth softened in June, largely due to power cuts in China’s key aluminium-producing province of Yunnan. But these curbs have started to be relaxed in recent weeks, which suggests that growth in global aluminium production will start to accelerate again before long.

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