Italian Crude Steel Production in H1of 2020 Shrinks by 19% YoY
According to the latest data released by Federacciai, the Italian steel producers' association, Italian crude steel production fell by 7.9 percent year on year in June this year to 1.916 million tonnes,. However, crude steel output in June was higher compared to March, April, and May this year, as a result of the easing of the COVID-19 lockdown measures in May. In the first six months this year, Italian crude steel output amounted to 10.182 million tonnes, down 18.8 percent compared to the same period last year.
In June, the production of longs remained higher than that of flat products, amounting to 1.008 million tonnes, down 10.0 percent years on year. The output of flats in June totaled 908,000 tonnes, decreasing by 20.4 percent year on year. In the first six months of the current year, the production of longs stood at 5.202 million tonnes, recording a drop of 20.5 percent year on year, while the production of flats amounted to 4.945 million tonnes, down 22.1 percent years on year.