Global crude steel output rose 4.1% y/y in February

Global crude steel production by the 67 countries reporting to industry body World Steel Association (worldsteel) increased 4.1% year-on-year to 126.6-million tonnes in February. China produced 4.6% more crude steel year-on-year, at 61.2-million tonnes, while Japan produced 8.3-million tonnes, a 0.1% contraction compared with February 2016, the latest data released by worldsteel on Thursday showed.