China leads world steel production increases in October

China leads world steel production increases in October

U.S. production declined 2.5 percent relative to October 2015.

November 22, 2016
Recycling Today Staff

Photo: Dreamstime

World crude steel production for the 65 countries reporting to the Brussels-based World Steel Association (Worldsteel) was 136.5 million metric tons in October 2016, an increase of 3.3 percent compared with October 2015.

China led in terms of production, producing 68.5 million metric tons of crude steel in October 2016, an increase of 4 percent compared with October 2015.

Elsewhere in Asia, Japan produced 9 million metric tons of crude steel in October 2016, an increase of 0.6 percent compared with October 2015. India’s crude steel production was 8.3 million metric tons in October 2016, up by 12.3 percent relative to October 2015.

The United States produced 6.4 million metric of crude steel in October 2016, a decrease of 2.5 percent compared with October 2015.

In the EU, Germany produced 3.5 million metric tons of crude steel in October 2016, a decline of 3.7 percent compared with October 2015. Italy produced 2.1 million metric tons of crude steel, an increase of 11 percent compared with October 2015. Spain produced 1.2 million metric tons of crude steel in October 2016, declining 10.5 percent year on year.

Turkey’s crude steel production for October 2016 was 3 million metric tons, an increase of 8.6 percent relative to October 2015.

In October 2016, Russia produced 5.9 million metric tons of crude steel, an increase of 2 percent from the prior year, while Ukraine produced 1.9 million metric tons of crude steel, down by 6.1 percent from October 2015.

Brazil’s crude steel production for October 2016 was 2.7 million metric tons, a decrease of 8.8 percent from October 2015.

The crude steel capacity utilization ratio of the 65 countries in October 2016 was 69.6 percent compared with 68.2 percent in October 2015. The October 2016 capacity utilization ratio is 0.6 percentage points lower than the September 2016 ratio.