July 2026 Global Crude Steel Market Outlook: Overseas Resilience vs. China’s Contraction
Global crude steel output reached 149.2 Mt in July 2026 (-0.3% YoY). China’s daily drop (-11.1%) dragged global figures, while overseas output grew to 72.3 Mt (+3.5% YoY; Jan–Jul +2.4%). Real overseas gains were powered by EU trade safeguards (+3.8% YoY) and South Korea’s anti-dumping measures (daily +4.1% MoM). Gains in Vietnam (+34.7%) and Russia ...
In July 2026, global crude steel output reached 149.2 million tonnes, a slight decrease of 0.3% compared to the previous year. China's daily crude steel output dropped by 11.1%, which significantly impacted the global figures. Meanwhile, overseas crude steel production grew by 3.5% year-on-year, reaching approximately 72.3 million tonnes in July.
This growth was fueled by the EU trade safeguards, increasing by 3.8% year-on-year, and South Korea's anti-dumping measures, with a daily increase of 4.1% month-on-month. The growth in Vietnam and Russia was due to low base distortions, with Vietnam producing 2.7 million tonnes (+34.7% YoY) and South Korea producing 5.7 million tonnes (+6.4% YoY).
The Middle East and CIS regions remained affected by post-conflict recovery and base-effect distortions, with output in July declining by 13.4% year-on-year. China's daily crude steel production fell by 11.1% in July, driven by factors such as mill losses, summer heat, rainfall, and environmental curtailments.
Written by urgent.news from Hellenic Shipping News's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
