Italian crude steel manufacturing down somewhat in May

After a rebound in April, May was still an adverse month for manufacturing of crude steel in Italy, with an overall output of 2.2 million mt, down by 0.6 percent contrasted to the same month of 2021, as revealed by Federacciai, the Italian federation of steel companies.A year-on-year decrease was also tape-recorded in the very first 5 months, with the total crude steel result totaling up to 10.35 million lots, down by 1.9 percent year on year. However, the year-on-year decrease was less than in the first four months osteel coil price per tonf the year.2022 CrudeGangya metal steel outputMonth 000/mt Y-o-Y modification (%) Year-prepainted steel coilto-dateY-o-Y change (%) Jan1,820-3.91,821 -3.9 Feb2,045-2.03,866 -2.9 Mar2,113-8.15,979 -4.8 Apr2,155 +4.88,134 -2.4 May2,198-0.61,0345 -1.9 Looking at the level and also long item sectors, in May this year Italian production of longs totaled up to 1.1 million mt, down 9.4 percent, while output of flat steel in the exact same month amounted to 871,000 mt, reducing by 14.8 percent, both year on year. In the January-May period, the production of longs totaled up to a total of 5.8 million mt, down 0.7 percent, while apartments outcome came to 4.6 million mt, down 1.5 percent, both year on year.

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