Aug 26(LTIT) –The crude steel production by 64 countries reporting to the World Steel Association (worldsteel) was 152.694 million tonnes (Mt) in July this year. This is significantly down by 2.5% when compared to July 2019.

Only Asia, Oceania and Other Europe regions reported increased output over the previous year. The African and European countries reported substantial decline in output. The Americas too recorded notable decline in output. The Middle East steel production was down marginally by 0.8%, worldsteel data said.