China’s crude steel output was 72.3 mt, an increase of 1.8 per cent year on year, it said. Japan produced 9 mt crude steel, up 0.1 per cent. In the EU bloc, Germany produced 3.8 mt of crude steel, registering a decline of 1.4 per cent from a year earlier.
The crude steel capacity utilisation ratio of 67 countries in May stood at 71.8 per cent, 0.5 percentage points higher than a year ago. Compared to April, it is 1. 8 percentage points down.The World Steel Association is one of the largest industry bodies in the world. Its members represent approximately 85 per cent of the world's steel production, including over 160 steel producers.