WSA: crude steel output maintains sharp growth in November

Global: The 66 countries reporting to the World Steel Association churned out 1.536 billion tonnes of crude steel in the opening 11 months of last year as against 1.457 billion tonnes in 2016's corresponding period.

With just one month of 2017 to go, global crude steel production was running 5.4% ahead of its 2016 pace as all major producers upped their numbers - with the notable exception of Japan and Ukraine.

China produced a shade under half of the total in increasing its output by 5.7% year on year to 764.802 million tonnes. Among the leading producers to record even greater increases were India (+6.2% to 92.473 million tonnes), Turkey (+12.7% to 34.163 million tonnes) and Brazil (+9.1% to 31.542 million tonnes).

Also in this year’s January-November period, EU-28 and US outputs climbed approximately 4% to, respectively, 154.916 million tonnes and 74.949 million tonnes.

Double-digit increases were reported by both the Middle East (+11.9% to 29.682 million tonnes) and Africa (+15.9% to 12.359 million tonnes) whereas Japanese production edged 0.1% lower year on year to 95.941 million tonnes and Ukraine suffered a 10.4% reverse to 19.898 million tonnes.

In November itself, global crude steel production was 3.7% higher year on year at 136.28 million tonnes; China registered an increase of 2.2% to 66.151 million tonnes, although its total was well short of the 72.362 million tonnes of October 2017.

Capacity utilisation across the 66 reporting countries was 70.7% in November - 1.5 percentage points higher than in the penultimate month of 2016 but down 2.2 percentage points on October 2017.

 



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