Getting your Trinity Audio player ready...
Steel numbers: Market economies produced a record 504.6 million metric tons of crude steel in 1993, up from the previous peak of 497.7 million in 1989, the International Iron and Steel Institute said. But the world total fell to 726 million metric tons from 786 million in 1989, mainly because of a dramatic collapse in steel production in former communist economies. The institute also reported that crude steel production in industrialized countries fell 1.2 percent in January from a year earlier, but output rose in the European Union and the United States.
