China leads growth in global crude steel output in May

Global crude steel production rose by 3.5 million tonnes in May 2013, with growth in Chinese steel production leading the rise, according to statistics released by the World Steel Assn (worldsteel) on Thursday June 20.

Paragraph entered by Atlantic migration, in order for SteelFirst articles to display correctly on Metal Bulletin.

Crude steel production worldwide totalled 136.3 million tonnes in May 2013, up by 2.6% year-on-year.

Output in China rose by 4.5 million tonnes year-on-year in May 2013, when the country produced 67 million tonnes of crude steel.

Japan and Taiwan provided the second- and third-largest year-on-year growth figures at 398,000 tonnes and 256,000 tonnes, respectively.

At the other end of the scale, South Korea’s crude steel production fell by 421,000 tonnes to 5.5 million tonnes in May year-on-year.

The second- and third-largest year-on-year falls were in the USA and Italy, with decreases of 391,000 tonnes and 291,000 tonnes, respectively.

What to read next
Any bolstering effect on US ferrous scrap exports from the up-month in February’s domestic trade will be tempered in the immediate aftermath of two earthquakes in Turkey — the country’s largest importing region — on Monday, February 6
Steel trading and production have come to a halt in the eastern Turkish region of Iskenderun following a devastating earthquake that hit the region on Monday February 6 and put mills in the area under force majeure, sources told Fastmarkets on Tuesday
A 120-day closure of four Illinois dams scheduled for 2023 will disrupt barge shipments and have potentially both negative and positive impacts on scrap and finished steel products from Canada to Texas
Market participants are cautiously optimistic about a rebound in iron ore concentrate premiums, with steelmakers around the world set to ramp-up production in line with an anticipated increase in demand for steel products, Fastmarkets understands
General Motors (GM) is investing $650 million to develop the Thacker Pass mine in Nevada, the largest known source of lithium in the US and the third largest in the world
We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.