April 1, 2015
Global Steel Production Increases
Crude steel production for the 65 countries reporting to the Brussels-based World Steel Association in February totaled 128 million metric tons, a 6 percent increase compared to the same month last year. Global production of 261 million tons for the year to date was down 1.3 percent.
The crude steel capacity utilization rate for the 65 countries in February was 73.4 percent, which was 1.7 percentage points lower than the same month last year. Compared to January, it was 3.8 percentage points higher.
The U.S. produced 6.3 million tons of crude steel in February, a decrease of 7.9 percent compared to the same month last year. Canada produced 1.0 million tons, an increase of 5.6 percent, while Mexico produced 1.5 million tons, down 8.1 percent.
China’s crude steel production in February totaled 65.0 million tons, up 3.4 percent from February 2014. Elsewhere in Asia, Japan produced 8.4 million tons, down 0.2 percent, and South Korea produced 5.1 million tons, a 4.4 percent decline.
In the EU, Germany produced 3.5 million tons of crude steel in February, a decrease of 1.6 percent. Italy produced 2.0 million tons, down 9.7 percent, while France’s production totaled 1.3 million tons, a 1.6 percent decrease.
Russia produced 5.7 million tons of crude steel, up 5.6 percent from February 2014, while Ukraine produced 1.6 million tons, down 33.2 percent compared to the same month last year.