Asian crude steel output increased in May

Asian crude steel production increased to 98.9m tonnes in May, up 0.3% m-o-m and up 2.4% y-o-y. This includes Chinese crude steel production, which totalled 72.3m tonnes, down 0.7% m-o-m but still was 1.8% higher y-o-y. Japanese production increased to 9m tonnes, up 2.3% m-o-m and up 0.1% y-o-y. Indian steel output increased to 8.5m tonnes, up 5.4% m-o-m and up 6.4% y-o-y. South Korean output totalled 5.7m tonnes, down 3.4% m-o-m but still was 2.75 lower y-o-y.

Asian crude steel output increased to 476.8m tonnes over the Jan.-May period, up 20.5m tonnes or 4.5% y-o-y. Chinese output increased to 345.8m tonnes, up 13m tonnes or 3.9% y-o-y. Japanese production increased to 44m tonnes, up 650KT or 1.5% y-o-y. Indian production also increased to 42.1m tonnes, up 3.1m tonnes or 8% y-o-y. South Korean production increased to 28.6m tonnes, up 660KT or 2.3% y-o-y.