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Steel Prices / Market Analyses

World crude steel output up 5.7 percent in January-March

Global crude steel production in March this year increased by 4.6 percent year on year to 144.95 million metric tons, according to the World Steel Association (worldsteel). In the given month, the average capacity utilization of steel mills across the globe was 72.7 percent, up 2.2 percentage points compared to March 2016 and up two percentage points compared to February.

In the January-March period of this year, global crude steel production increased to 410.55 million mt, up 5.7 percent year on year.

In March this year, crude steel output in Asia amounted to 99.62 million mt, up 3.4 percent, with 71.99 million mt produced by China, up 1.8 percent, 8.88 million mt produced by Japan, increasing by 1.8 percent, 9.0 million mt produced by India, up 8.2 percent, and 6.1 million mt produced by South Korea, rising by 6.4 percent – with all comparisons on year-on-year basis.

EU-28 countries produced 15.03 million mt of crude steel in March, up 6.7 percent year on year. In March, Germany’s output was 3.88 million mt, rising by 1.9 percent year on year, Italy’s crude steel output was 2.23 million mt, up 9.5 percent year on year, and France’s crude steel output amounted to 1.33 million mt, up 18.1 percent year on year.

Turkey produced 3.11 million metric tons of crude steel in March, with a 14 percent increase from March last year. Iran’s crude steel production in March amounted to 1.58 million mt, up 18.3 percent year on year. The CIS registered a crude steel output of 8.94 million mt in March, rising 0.8 percent on year-on-year basis, with Russia producing 6.18 million mt, increasing by 1.4 percent, and Ukraine producing 2.1 million mt, down 4.5 percent, both on the year-on-year basis.

In North America in March, crude steel output totaled 10.16 million mt, rising 9.2 percent, with the US producing 7.0 million mt, increasing by 3.4 percent, and Mexico producing 1.83 million mt, up 35.7 percent, all on the year-on-year basis. Crude steel output in South America in March amounted to 3.65 million mt, up 13.7 percent from March last year, with Brazil’s output totaling 2.85 million mt, increasing by 13.7 percent year on year.

 

*This was published on SteelOrbis website on April 24, 2017.

 


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