(Adds full year details)
LONDON, Jan 31 (Reuters) - Global crude steel production
last year declined by 4.2% to 1.88 billion tonnes after a sharp
drop in the last month of the year, World Steel Association data
showed on Tuesday.
Global steel output in December slid 10.8% while in China,
the world's top producer and consumer of the metal, production
slumped 9.8%, the data showed.
The world's second biggest producer India, however,
increased crude steel output by 0.8% last month and boosted it
by 5.5% in 2022 to 125 million tonnes.
(Reporting by Eric Onstad; Editing by Kirsten Donovan)
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.