{
  "id": 4619871,
  "title": "July 2026 Global Crude Steel Market Outlook: Overseas Resilience vs. China’s Contraction",
  "url": "https://urgent.news/2026/08/31/july-2026-global-crude-steel-market-outlook-overseas-resilience-vs",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-31T10:00:43.000Z",
  "source": {
    "name": "Hellenic Shipping News",
    "slug": "hellenic-shipping-news",
    "url": "https://www.hellenicshippingnews.com/july-2026-global-crude-steel-market-outlook-overseas-resilience-vs-chinas-contraction/"
  },
  "original_language": "en",
  "account": "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.",
  "summary": "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 ...",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}