The Global Energy Crunch Has Sent Steel Production Crashing

Global crude steel production declined in September, marking the fourth straight month of month-over-month declines. Global crude steel production falls to 144.4 MT September global crude steel production fell to 144.4 million metric tons, the World Steel Association reported this week. Metals producers around the world have felt the burden of rising energy costs, as we’ve noted in previous articles. Zinc prices, for example, have since retraced but earlier this month soared to 14-year highs. Belgian zinc producer Nyrstar said it would slash…