Global steel output shrinks by 3.6% in Q1 2016

By IM Staff
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...

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