worldsteel: February 2016 crude steel production

World crude steel production for the 66 countries reporting to the World Steel Association (worldsteel) was 120 million t in February 2016. This is a -3.3% decrease compared to February 2015.

China’s crude steel production for February 2016 was 58.5 Mt, a decrease of -4.0% compared to February 2015. Elsewhere in Asia, Japan produced 8.4 million t of crude steel in February 2016, a decrease of -1.0% compared to February 2015.

In the EU, Germany produced 3.4 million t of crude steel in February 2016, a decrease of -4.3% compared to February 2015. Italy produced 1.9 million t of crude steel, down by –2.1% on February 2015. France’s crude steel production for February 2016 was 1.3 million t, up by 2.6% compared to the same month in 2015. Spain produced 1.1 million t of crude steel, down by -8.9% compared to February 2015.

Turkey’s crude steel production for February 2016 was 2.4 million t, up by 4.0% on February 2015.

In February 2016, Russia produced 5.7 million t of crude steel, down by -2.7% over February 2015. Ukraine produced 2.0 million t of crude steel, up by 24.1% compared to the same month in 2015.

The US produced 6.4 million t of crude steel in February 2016, an increase of 2.9% compared to February 2015.

Brazil’s crude steel production for February 2016 was 2.4 million t, down by -8.7% on February 2015.

The crude steel capacity utilisation ratio of the 66 countries in February 2016 was 66.2%. This is -5.7 percentage points lower than February 2015. Compared to January 2016, it is 0.9 percentage points higher.

Edited from press release by Angharad Lock

Read the article online at: https://www.worldpipelines.com/equipment-and-safety/21032016/worldsteel-february-2016-crude-steel-production-350/