The world’s steelmakers continue to churn out product, with the International Iron and Steel Institute (IISI), Brussels, reporting that crude steel production for April 2008 was 5.6 percent higher compared to April 2007.
The 66 countries reporting to IISI produced 116.4 million metric tons in April. Year-to-date total world crude steel production of 457.3 million metric tons is 5.7 percent greater compared to the same period in 2007.
In the first four months of 2008, China produced slightly less than 170 million metric tons of steel, an increase of 9.1 percent compared to the same period in 2007. However, that nation’s pace of growth may finally be slowing.
In April 2008, China’s moving annual total (MAT) growth rate slowed further to 11.0 percent, compared to its MAT growth rate of 20.6 percent in April of 2007.
The continent of Asia overall demonstrated an 8.7 percent increase in crude steel production for April 2008 versus April 2007.
In North America, the MAT growth rate for April 2008 was 3.4 percent, continuing an upward trend. United States production was an estimated 8.3 million metric tons, an increase of 1.1 percent from April 2007. Mexico showed even stronger growth, with a 10.5 percent increase in production for this April compared to April 2007.
Turkey’s crude steel production was 2.3 million metric tons, which was 2.7 percent higher than the same month last year. Year to date, Turkey has produced 8.2 percent more steel compared to the same period last year.
More information on global steel production figures can be found at the IISI’s Web site at www.worldsteel.org.
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