Global Crude Steel Production Jumps in June

Global Crude Steel Production Jumps in June

Steel production in most parts of the world have yet to reach pre-crisis levels.

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World crude steel production for the 66 countries reporting to the World Steel Association (worldsteel) reached 119 million metric tons in June, an 18 percent increase from the figures the same time last year.

For the first six months of the year, world crude steel production reached 706 million metric tons, 27.9 percent higher in comparison with the same period of 2009. All the regions showed increased crude steel production during the first half of 2010 compared to the first half of 2009.

Although production in the first half of 2010 increased by 7.2 percent compared to the same period of 2007, just before the global economic crisis, most of the world has not recovered to pre-crisis levels. Only Asia and the Middle East showed increased crude steel production compared to the first six months of 2007. Crude steel production in the European Union, former Soviet countries, United States and Canada is still more than 15 percent below 2007 levels.

By individual regions, Worldsteel reports that China’s crude steel production for the month was 53.8 million metric tons, a 9 percent increase from the same time last year.

Elsewhere in Asia, Japan produced 9.4 million metric tons of crude steel in June 2010, up 35.9 percent compared to the same month last year. South Korea’s crude steel production for June 2010 was 4.8 million metric tons, 21.9 percent up compared to the same month last year.

In the EU, Germany’s crude steel production for June 2010 was 3.9 million metric tons, an increase of 53.4 percent on June 2009. Italy produced 2.3 million metric tons, 32.8 percent higher than the same month in 2009. France produced 1.5 million metric tons of crude steel in June 2010, an increase of 31.4 percent compared to June 2009.

Turkey produced 2.5 million metric tons of crude steel in June 2010, 13.8 percent higher than June 2009.

Russia produced 5.4 million metric tons of crude steel in June 2010, a 6 percent increase over the same month in 2009 and Ukraine’s crude steel production for June 2010 was 2.5 million metric tons, up 7.2 percent compared to the same month last year.

The United States produced 7.2 million metric tons of crude steel in June 2010, an increase of 65 percent compared to June 2009.

Brazilian crude steel production was 2.9 million metric tons, 46.8 percent higher than June 2009.

The world crude steel capacity utilization ratio of the 66 countries in June 2010 declined again to 80.6 percent from 82.0 percent in May 2010. Compared to June 2009, the utilization ratio in June 2010 increased by 8.3 percentage points.