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WSA: October steel capacity utilisation drops below 75%

Global – Crude steel production among the 65 countries reporting to the World Steel Association (WSA) was almost identical in October to that of the same month last year, with the total of 136.738 million tonnes representing an increase of just 42 000 tonnes. However, capacity utilisation of 74.7% was 2.6 percentage points lower than in October 2013 and also 1.4 percentage points down on September 2014.

Year on year, China’s crude steel production fell 0.3% in October 2014 to 67.516 million tonnes but was still 2.1% higher than last year when looking at the first 10 months as a whole, totalling 685.346 million tonnes. Elsewhere in Asia, Japan produced 9.362 million tonnes of crude steel in October for a drop of 1.7% from the same month last year whereas South Korean output was 4.5% higher at 6.166 million tonnes, the WSA figures reveal.

In the EU, a comparison of October 2014 production figures with those of the same month last year shows declines of 5.9% for Germany, 5.4% for Italy and 0.4% for Spain whereas France’s output leapt 15%. Turkey’s crude steel production slid 11% year on year to 2.715 million tonnes while the USA recorded a drop of 0.7% to 7.31 million tonnes.

The 65 reporting countries produced 1.368 billion tonnes of crude steel in the January-October period for a year-on-year increase of 2%.

For more information, visit: www.worldsteel.org

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