Aug. 3, 2016

Global Steel Production Dips 1.9% in First Half

World crude steel production for the 66 countries reporting to the Brussels-based World Steel Association totaled 136 million tons in June, on par with the same month last year. Through the first half of the year, global production of 794.8 million tons was down 1.9 percent from 2015. The crude steel capacity utilization rate in June was 71.8 percent, 0.9 percentage point lower than in June 2015, but up 0.3 percentage point from May.

Most parts of the world experienced production declines through the first six months, with the CIS production increase of 0.6 percent, to 51.1 million tons, representing the only growth of a major steel region. North America fared better than most other regions of the world with a production decline of just 0.6 percent. African production declined 15.9 percent to 965,000 tons and South American production fell 13.8 percent to 3.3 million tons.

The United States produced 6.8 million tons of steel in June, flat with the same month in 2015. For the year to date, U.S. crude steel production of 40.1 million tons was up 0.2 percent compared with last year.

Canada’s production declined 2.8 percent in June to 1.0 million tons. Its year-to-date production of 6.4 million tons remained 4.0 percent ahead of the 2015 pace. Mexican steel production declined 0.9 percent in June to 1.5 million tons, while its year-to-date production of 8.8 million tons was down 7.3 percent.

China’s crude steel production for June totaled 69.5 million tons, an increase of 1.7 percent compared to June 2015. Elsewhere in Asia, Japan produced 8.8 million tons of crude steel, an increase of 2.7 percent, while South Korean production dropped 6.7 percent to 5.5 million tons for the month.

In the EU, Germany produced 3.7 million tons of crude steel in June, a decrease of 2.1 percent. Italy produced 2.0 million tons, up 5.9 percent. Spain’s production declined 13.7 percent to 1.1 million tons.

Turkey’s steel production totaled 2.9 million tons for the month, up 2.0 percent, while Russian production of 5.8 million tons was up 2.5 percent.


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Tuesday, October 17, 2017