Global steel output falls 8.7% in May, but China lifts production

Global crude steel output slipped 8.7% in May to 148.8-million tonnes as many steelmakers shut operations due to the Covid-19 pandemic, even as top producer China was resilient and pumped out more of the metal. Data from the World Steel Association on Monday showed a sharp contrast between steel production in China, which has largely been lifting its lockdowns, and the rest of the world.

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