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Global steel output down two percent in May

The world's combined steel output noted a slight setback in May 2015 compared to the same period last year, a development driven mainly by significant slides among Asia's steel giants.

Photo: Gøteborg Havn

The 65 steel producing countries that report to the World Steel Association produced a total of 139 million tons (Mt) in May 2015, a 2.1 percent decline from the same period last year.

The world's largest steel producer, China, registered a reduced output of 70 Mt, a 1.7 percent decrease compared to May 2014, notes the World Steel Association in an update on Monday.

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