worldsteel reports on global crude steel production decrease

World crude steel production for the 66 countries reporting to the World Steel Association (worldsteel) was 139 million t in May 2016 – a 0.1% decrease compared to May 2015.

China’s crude steel production for May 2016 was 70.5 million t, an increase of 1.8% compared to May 2015. Elsewhere in Asia, Japan produced 8.8 million t of crude steel in May 2016, a decrease of 0.9% compared to May 2015. India’s crude steel production was 8.0 million t in May 2016, up by 4.9% on May 2015. South Korea’s crude steel production was 5.8 million t in May 2016, down by 3.5% on May 2015.

In the EU, Germany produced 3.9 million t of crude steel in May 2016, an increase of 4.0% compared to May 2015. Italy produced 2.2 million t of crude steel, up by 9.3% on May 2015. Spain produced 1.3 million t of crude steel, down by 10.6% compared to May 2015. France produced 1.2 million t of crude steel, down by 18.8% compared to May 2015.

Turkey’s crude steel production for May 2016 was 3.0 million t, up by 5.4% on May 2015.

In May 2016, Russia produced 6.0 million t of crude steel, up by 0.4% over May 2015. Ukraine produced 2.3 million t of crude steel, up by 5.7% compared to the same month in 2015.

The US produced 6.8 million t of crude steel in May 2016, a decrease of 0.4% compared to May 2015.

Brazil’s crude steel production for May 2016 was 2.6 million t, down by 13.2% on May 2015.

The crude steel capacity utilisation ratio of the 66 countries in May 2016 was 71.3%. This is 1.0 percentage point lower than May 2015. Compared to April 2016, it is 0.1 percentage point lower.

Edited from source by Stephanie Roker

Read the article online at: https://www.worldpipelines.com/business-news/22062016/worldsteel-reports-on-global-crude-steel-production-decrease/