Feb. 4, 2015
World Produces 1.2 Percent More Steel in 2014
World crude steel production reached 1.66 billion metric tons in 2014, up by 1.2 percent compared to 2013. The average mill capacity utilization last year was 76.7 percent, down from 78.4 percent in 2013, reports the Brussels-based World Steel Association.
In 2014, the Middle East, the smallest region for crude steel production, had the most robust growth. Crude steel production in the EU, North America and Asia grew modestly, while it decreased in the C.I.S. and South America.
In 2014, crude steel production in North America totaled 121.2 million tons, an increase of 2.0 percent on 2013. The U.S. produced 88.3 million tons, up by 1.7 percent.
Annual steel production for Asia totaled 1.13 billion tons last year, an increase of 1.4 percent. China’s crude steel production reached 822.7 million tons, an increase of just 0.9 percent from 2013. China’s share of world crude steel production decreased from 49.7 percent in 2013 to 49.5 percent in 2014.
The EU recorded an increase of 1.7 percent compared to 2013, producing 169.2 million tons of crude steel. At 105.3 million tons, production in the CIS showed a decrease of 2.8 percent.
Annual crude steel production for South America was 45.2 million tons for the year, a decrease of 1.4 percent.