World Steel Association August 2026 Output and Market Updates
Newsquawk ·
The World Steel Association released its steel production figures for August 2026. China produced 74.61 million tons, marking a 3.7 percent year-on-year drop as real estate weakness continued to offset support from infrastructure and manufacturing. India expanded output to 14.77 million tons, up 4.6 percent from a smaller base, while the United States recorded 7.30 million tons. In other market developments, an European Commission spokesperson stated that the EU is worried about American plans to restrict diesel exports. Additionally, Amazon incorporated Prime delivery into MCF merchants websites, delivering fulfillment fee savings of 15 to 25 percent over a six-month period. Meanwhile, the UK CBI Distributive Trades index for September registered minus 55, trailing the expected minus 50.
AI 시장 분석
According to an August 2026 report by the World Steel Association (WSA), China's crude steel production decreased by 3.7% year-on-year to 74.61 million tons, while India's production increased by 4.6% to 14.77 million tons. China's real estate sector slump is driving weak steel demand, putting downward pressure on the raw materials market. Investors should closely monitor China's upcoming peak season steel demand and inventory trends.
상승 영향
- Indian Steel — India's August crude steel production increased by 4.6% year-on-year to 14.77 million tons, maintaining solid growth and positively impacting the earnings of related companies.
하락 영향
- Steel — China's August crude steel production decreased by 3.7% year-on-year to 74.61 million tons, confirming sluggish demand due to the real estate slump and raising expectations of profitability deterioration.
- Raw Materials — The slowdown in China's steel production has reduced demand for key steelmaking raw materials such as iron ore and coking coal, increasing downward pressure on related commodity prices.
DYAX 전담 분석
China's August crude steel production of 74.61 million tons, a 3.7% year-on-year decrease, indicates that the prolonged slump in the real estate sector is outweighing the recovery in infrastructure and manufacturing demand. This production slowdown acts as direct downward pressure on the prices of seaborne steel raw materials such as iron ore and coking coal, raising earnings concerns for related raw material exporters in Australia and Brazil.
Future scenarios include the possibility of China's peak season steel inventories being continuously depleted to form a price bottom, alongside the possibility of deteriorating steel spreads due to further demand sluggishness. Key monitoring indicators are China's port steel inventory levels and steelmaker operating rates.
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