Feb. 3, 2016
 
Global Steel Production Dips 2.8% in 2015

World crude steel production totaled 1.62 billion tons in 2015, a decline of 2.8 percent from the previous year, reports the Brussels-based World Steel Association. Crude steel production decreased in all regions of the world except Oceania during the year, reflecting challenging market conditions around the globe.

The global capacity utilization rate for 2015 was 69.7 percent, a decline of 3.7 percentage points from the prior year. In December, capacity utilization was 64.6 percent, 4.9 percentage points lower than December 2014.

Crude steel production in North America totaled 110.7 million tons, a decrease of 8.6 percent compared to the prior year. The U.S. produced 78.9 million tons of crude steel, a 10.5 percent decline from 2014. Canada’s production of 12.5 million tons declined 2.2 percent, while Mexico declined 3.9 percent to 18.3 million tons.

Annual production in Asia totaled 1.11 billion tons, a decrease of 2.3 percent. China remained the world’s leading steelmaker, but declined 2.3 percent to 803.8 million tons. Still, China’s share of world crude steel production increased from 49.3 percent to 49.5 percent.

Elsewhere in Asia, Japan’s production declined 5.0 percent to 105.2 million tons, while South Korea’s production of 69.7 million tons was down 2.6 percent. Indian steel production increased 6.2 percent to 89.6 million tons, passing the United States as the world’s fourth-leading steelmaker.

The EU produced 166.2 million tons, a decrease of 1.8 percent compared to 2014. Germany produced 42.7 million tons, a decrease of 0.6 percent, while Italy decreased 7.1 percent to 22.0 million tons, and France declined 7.2 percent to 15.0 million tons.

The CIS showed a decline of 4.3 percent to 101.5 million tons. Russia dipped 0.5 percent to 71.1 million tons, while Ukrainian production decreased 15.6 percent to 22.9 million tons.

Annual crude steel production for South America totaled 43.9 million tons, a 2.5 percent decline. Brazil produced 33.2 million tons, down 1.9 percent.
 

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Saturday, December 16, 2017