Sweden’s crude steel production rose by 3.7pc in the first five months of the year to 2mn mt compared to the period in 2020, according to The Swedish iron and steel association Jernkontoret.
The country’s crude steel output increased by 11.4pc last month to 412,000mt compared to May 2020, the association indicated.
Jernkontoret stated that Sweden’s crude steel production levels are now at par with its output before the pandemic when January-May production averaged 420,000mt per month compared to 427,000mt in the same period between 2016-2019.
Demand for steel strengthened due to the rapid recovery in the automobile industry after the COVID-19 related lockdowns. This led to Swedish steel producers increasing production from the end of last year to fulfill the pent-up demand, Jernkontoret indicated in a statement.