According to the World Steel Association's statistics from 70 member countries, global crude steel output reached 143.3 million tons in October, marking a 5.9% year-on-year decline. China, the world's largest crude steel producer, recorded output of 72 million tons in October, down 12.1% year-on-year.
Among other Asian nations:
India produced 13.6 million tons, up 5.9%.
Japan produced 6.9 million tons, down 1.0%.
South Korea produced 5.1 million tons, down 5.8%.
Iran produced 3.3 million tons, up 12.0%.
Turkey's output reached 3.2 million tons, up 3.1%.
The 27 EU member states produced 10.8 million tons, down 3.5%. Within this group, Germany's output was 3.1 million tons, down 3.0%.
Russia's output was 5.3 million tons, down 6.2%.
The United States produced 7 million tons, up 9.4%.
Brazil's output was 3 million tons, down 2.7%.
As an integrated internet platform providing benchmark prices, on November 24, the benchmark price of steel billets on SunSirs was 3,020.00 RMB/ton, a decrease of 0.98% compared with the beginning of the month (3,050.00 RMB/ton).
Application of SunSirs Benchmark Pricing：
Traders can price spot and contract transactions based on the pricing principle of agreed markup and pricing formula (Transaction price=SunSirs price + Markup).
If you have any inquiries or purchasing needs, please feel free to contact SunSirs with support@sunsirs.com.
