São Paulo – Global production of raw steel was up 0.1% year-on-year in November, according to data released this Friday (19th) by the World Steel Association. Production volume was 131 million tonnes.
The higher output was mostly driven by North America, where production was up 2.4%, and South America, up 2.7%. In China, which accounts for nearly half of all steel produced worldwide, output was down 0.2%.
Global steel prices have dropped by 9% this year to their lowest in five years, mostly due to excess capacity.
*Translated by Gabriel Pomerancblum
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