World crude steel output decreased by 2.8% in 2015

World crude steel production reached 1622.8 million t for the year 2015, a 2.8% y/y decrease, according to the World Steel Association (worldsteel). Crude steel production decreased in all regions except Oceania in 2015.

Annual production for Asia was 1113.8 million t of crude steel in 2015, a 2.3% y/y decrease. China’s crude steel production in 2015 reached 803.8 million t, down by 2.3% on 2014. China’s share of world crude steel production increased from 49.3% in 2014 to 49.5% in 2015. Japan produced 105.2 million t in 2015, down by 5.0% compared to 2014. India’s crude steel production for 2015 was 89.6 million t, up by 2.6% on 2014. South Korea produced 69.7 million t of crude steel in 2015, a decrease of 2.6% compared to 2014.

Source: worldsteel.

In 2015, the EU produced 166.2 million t of crude steel, a decrease of 1.8% compared to 2014. Germany produced 42.7 million t of crude steel in 2015, down by 0.6% over 2014. Italy produced 22.0 million t in 2015, a decrease of 7.1% over 2014. France’s crude steel production in 2015 was 15.0 million t, down by 7.2%. Spain produced 14.9 million t of crude steel in 2015, an increase of 4.4% compared to 2014.

Crude steel production for 2015 in North America was 110.7 million t, a decrease of 8.6% compared to 2014. The US produced 78.9 million t of crude steel, down by 10.5% on 2014.

The CIS showed a decrease of 4.3% in 2015, producing 101.5 million t of crude steel. Russia produced 71.1 million t of crude steel, down by 0.5% on 2014 and Ukraine recorded a decrease of 15.6% with a year-end figure of 22.9 million t.

Annual crude steel production for South America was 43.9 million t in 2015, a decrease of 2.5% on 2014. Brazil produced 33.2 million t in 2015, down by 1.9% compared to 2014.

Source: worldsteel.

In December 2015, world crude steel production for the 66 countries reporting to the World Steel Association (worldsteel) was 126.7 million t, a decrease of 5.7% compared to December 2014.

Edited from press release by Angharad Lock

Read the article online at: https://www.worldpipelines.com/business-news/25012016/world-crude-steel-output-decreased-by-2-in-2015-1976/