Global steel output shrinks by 3.6% in Q1 2016
Published: Thursday, 21 April 2016
First quarter figure released by the World Steel Association shows that steelmaking is still on the slide, which is bad news for the global refractories industry, although the erosion in production steadied towards the end of the three month period.
By Rose Pengelly
Global crude steel output for the first three months of 2016
fell by 3.6% year-on-year (y-o-y) to 385.7m tonnes, despite a
rally in steel prices towards the end of the quarter, figures
released by the World Steel Association (worldsteel) show.
The figures are unsettling for...