China produced more steel than the rest of the world world combined in April, showed data from World Steel Association (worldsteel).
And the differential wasn't small.
According to worldsteel, China produced a mammoth 76.7 million tonnes of steel, up 4.8% from 12 months earlier. It was the highest level on record.
In the first four months of the year, Chinese output swelled to 289 million tonnes, up 5% on the same period a year ago.
In contrast, output outside of China stood at just 71.6 million tonnes in April, up 3.4% from 12 months earlier. So far this year, output outside of China has risen to 286.2 million tonnes, up 3.1% from the same period in 2017.
When it comes to an individual nation, let alone the rest of the world, China remains the key player when it comes to demand for commodities such as iron ore and coking coal, two of steel's key raw ingredients.
Worldsteel tracks data from 64 individual nations, accounting for approximately 85% of global steel production.
Sources:sxcoal
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