Skip to main content

World crude steel output soars 6.3% in July

Global – A 10.3% year-on-year increase in Chinese output helped catapult world crude steel production to 143.245 million tonnes in July – an increase of 6.3% over the 134.798 million tonnes in last year’€™s corresponding month. The production surge in Turkey was even more pronounced as its 3.345 million tonnes of output represented a hike of 27.8% over the total for July 2016.

Most of the world’s leading producers upped their output in July this year, including India (+3.5%), the USA (+5.6%) and the EU (+3.9%), although downward moves were made by Japan (-4.3%), Russia (-8%) and Ukraine (-12.9%). Across all 67 countries reporting to the World Steel Association, crude steel capacity utilisation of 72.1% in July meant a gain of 3.2 percentage points over the same month last year but a decline of 1.5 percentage points when compared to June 2017.

Rolling together the data for the first seven months of the year, world crude steel production was 4.6% or more than 43 million tonnes higher than in January-July 2016 at 977.321 million tonnes, bolstered by a jump of 5.1% – or around 24 million tonnes – in China to 491.553 million tonnes. Double-digit percentage increases were recorded by Turkey (+13.6% to 21.559 million tonnes) and Brazil (+10.6% to 19.555 million tonnes) while output growth was also registered by India (+5.4% to 58.017 million tonnes), the EU-28 (+3.9% to 99.589 million tonnes), South Korea (+3.5% to 40.868 million tonnes) and the USA (+2.1% to 47.748 million tonnes). Conversely, January-July crude steel output declines occurred in Japan (-0.2% to 60.913 million tonnes), Russia (-0.5% to 40.925 million tonnes) and Ukraine (-15% to 12.314 million tonnes).

From the regional perspective, there were across-the-board production increases for South America (+9% to 24.792 million tonnes), the Middle East (+8.6% to 17.907 million tonnes), Africa (+10.1% to 7.777 million tonnes) and Oceania (+3.9% to 3.39 million tonnes) in the opening seven months of this year.

Don't hesitate to contact us to share your input and ideas. Subscribe to the magazine or (free) newsletter.

You might find this interesting too

Changing of the guard at Dutch metal recyclers body
Economic uncertainty clouds trade
Decarbonisation puts metal recyclers centre stage

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Subscribe now and get a full year for just €169 (normal rate is €225) Subscribe