World crude steel output increases by 3.8 percent in January-February

Wednesday, 27 March 2019 17:58:48 (GMT+3)   |   Istanbul
       

Global crude steel production in February this year decreased by 6.4 percent month on month and increased by 4.1 percent year on year to 137.3 million metric tons, according to the World Steel Association (worldsteel).

In the January-February period of this year, global crude steel production increased to 287.6 million mt, up 3.8 percent year on year.

In February this year, crude steel output in Asia amounted to 96.5 million mt, rising by 6.8 percent, with 71 million mt produced by China, up 9.2 percent, 7.7 million mt produced by Japan, decreasing by 6.6 percent, 8.7 million mt produced by India, rising by 2.3 percent, and 5.5 million mt produced by South Korea, up by 1.1 percent - with all comparisons on year-on-year basis.

EU-28 countries produced 12.98 million mt of crude steel in February down by five percent year on year. In the given period, Germany's output was 3.12 million mt, falling by 9.4 percent year on year, Italy's crude steel output was 2.04 million mt, down by 2.7 percent year on year, and France's crude steel output amounted to 1.25 million mt, down by 0.3 percent year on year.

Turkey produced 2.63 million metric tons of crude steel in February, with a 12.5 percent decrease from the same month of last year. Iran's crude steel production in February amounted to 2.01 million mt, up by 21.7 percent year on year. The CIS registered a crude steel output of 7.53 million mt, falling by two on year-on-year basis, with Russia producing 5.23 million mt, down 4.4 percent, and Ukraine producing 1.69 million mt, declining by five percent, both on year-on-year basis.

In North America in February, crude steel output totaled 9.42 million mt, increasing by 0.2 percent, with the US producing 6.9 million mt, rising by 4.6 percent, and Mexico producing 1.43 million mt, down by 12.6 percent, all on year-on-year basis. Crude steel output in South America in February amounted to 3.29 million mt, falling by 5.8 percent from February 2018, with Brazil's output totaling 2.67 million mt, declining by 1.7 percent year on year.


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