HPO

Worldsteel: Crude steel production decreases by -7.1 %

World crude steel production for the 66 countries reporting to the World Steel Association (worldsteel) was 128 million t in January 2016, a -7.1 % decrease compared to January 2015.

China’s crude steel production for January 2016 was 63.2 million t (Mt), a decrease of -7.8 % compared to January 2015. Elsewhere in Asia, Japan produced 8.8 Mt of crude steel in January 2016, a decrease of -2.8 % compared to January 2015. India’s crude steel production was 7.4 Mt, a decrease of -1.2 % compared to January 2015. South Korea produced 5.7 Mt of crude steel in January 2016, down by -4.5 % on January 2015.

In the EU, Germany produced 3.6 Mt of crude steel in January 2016, a decrease of -2.0 % compared to January 2015. Italy produced 1.8 Mt of crude steel, down by -5.3 % on January 2015. Spain produced 1.2 Mt of crude steel, down by -9.5 % compared to January 2015.

Turkey’s crude steel production for January 2016 was 2.6 Mt, up by 0.8 % on January 2015.

In January 2016, Russia produced 5.6 Mt of crude steel, down by -10.6 % over January 2015. Ukraine produced 1.9 Mt of crude steel, up by 3.6 % compared to the same month 2015.

The US produced 6.6Mt of crude steel in January 2016, a decrease of -8.8 % compared to January 2015.

Brazil’s crude steel production for January 2016 was 2.5 Mt, down by -17.9 % on January 2015.

The crude steel capacity utilization ratio of the 66 countries in January 2016 was 66.0 %. This is -5.8 percentage points lower than January 2015. Compared to December 2015, it is 0.8 percentage point higher.

(Source: worldsteel)

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