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Global Steel Production Increases in October

Ferrous, International Recycling News, Metallics

World Steel Association reports crude steel production reached 134 million metric tons for the month.

Recycling Today Staff November 22, 2013

The World Steel Association has reported global crude steel production for the 65 countries reporting figures to it totaled 134 million metric tons in October 2013, an increase of 6.6 percent compared to the same time last year.

Leading the way was China, which reported monthly crude steel production of 65.1 million metric tons, a 9.2 percent increase from last October. Other Asian countries of note include Japan, which produced 9.5 million metric tons of crude steel in October, a 7.7 percent increase over October 2012; and South Korea, which posted crude steel production of 5.9 million metric tons for the month, a 5.2 percent from the same time last year.

In the European Union, Germany produced 3.8 million metric tons of crude steel in October 2013, an increase of 1.9 percent compared to October 2012; Italy produced 2.2 million metric tons, a drop of 10.1 percent from last October; Spain’s 1.4 million metric tons was a 23.9 percent increase from last October; and France’s crude steel production of 1.3 million metric tons was down 1.8 percent from the same time last year.

Turkey’s crude steel production for October 2013 was 3.1 million metric tons, up by 6.9 percent from October 2012; Russia produced 5.7 million metric tons of crude steel, a decrease of 1.5 percent compared to the same month 2012; and Ukraine’s production was 2.6 million metric tons in October 2013, an increase of 1.2 percent on October 2012.

The United States produced 7.4 million metric tons of crude steel in October 2013, an 8.7 percent increase compared to October 2012.

The crude steel capacity utilization ratio for the 65 countries in October 2013 was 77.5 percent, a 2.5 percent improvement from October 2012, although the figures for the month are down 1.8 percent from the prior month.



 

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