Global crude steel production registered a marginal decline in May, driven by a contraction in output from China that outweighed gains elsewhere.
The data underscores a divergent recovery pattern within the world's largest steel-producing nations, with India maintaining its upward trajectory while the Chinese market faced headwinds.
India produced 14.1 million tonnes of crude steel during the month, marking a 1.
India produced 14.1 million tonnes of crude steel during the month, marking a 1.9% year-on-year increase.
This growth allowed India to retain its position as a key driver of global supply expansion, even as broader international totals slipped.
The contrast between the two economies highlights shifting dynamics in industrial demand and manufacturing activity across Asia.
The mixed results reflect broader challenges in the global steel sector, where regional disparities in infrastructure spending and property market conditions are influencing production levels.