Worldwide crude steel output up 3% year-on-year in July

Global crude steel production increased by 2.7% year-on-year in July to 132.3 million tonnes, data released by the World Steel Assn (worldsteel) on Tuesday August 20 show.

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

This compared with 128.9 million tonnes produced in July 2012.

The world’s biggest producer, China, posted a 6.2% year-on-year rise in output to 65.5 million tonnes, while production in Japan went up by 0.5% to 9.3 million tonnes.

Contrastingly, South Korean crude steel output fell to 5.6 million tonnes, down by 5.8% year-on-year compared with July 2012 figures.

In Europe, production in Germany decreased by 5.4% last month to 3.4 million tonnes of crude steel, while Italian output fell by 8.5% to 2.2 million tonnes.

Spain and France also followed the downward trend, with crude steel output down by 3.4% and 9% respectively to 961,000 tonnes and 1.1 million tonnes.

In Turkey, crude steel output also fell sharply to 2.8 million tonnes, a 10.1% drop compared with production in July 2012.

In the Americas, there were diverging trends, with the USA reporting a 3.3% year-on-year output rise in July to 7.6 million tonnes, while Brazil recorded a drop of 1.4% to 3 million tonnes.

Russia produced 5.7 million tonnes of crude steel last month, a 2.4% year-on-year reduction. Ukraine, however, posted an 8.8% increase in output in July 2013 to 2.8 million tonnes.

Iran, the biggest producer in the Middle East-North Africa region, also reported a rise of 16.1% in output, to 1.3 million tonnes.

Capacity utilisation for the 64 countries that are members of worldsteel declined to 76.8% in July, down from 79.2% in June 2013.

What to read next
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
Electrolysis processes developed by Boston Metal and Electra that eliminate the need for coal in steel production could be key to a net-zero emissions future for the metallics industry, attendees learned at Fastmarkets’ conference on January 17-19 in Dallas
Low supply, strong demand to spur scrap prices higher in Feb, market says
US deep-sea ferrous export prices from the East Coast to Turkey have plateaued, with a Turkish mill purchasing a cargo at prices stable from the last-reported sale
The current shortage of some higher purity grades of aluminium, such as P0610, and the robust demand for units should maintain the higher differential to prices for P1020-grade aluminium, market sources told Fastmarkets on Monday January 30
We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
Proceed