Global crude steel production fell 3.3 percent in February – WSA

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Cold rolled coils in the storage yard

World crude steel production for the 66 countries reporting to the World Steel Association (worldsteel) fell 3.3 percent to 120 million tonnes (Mt) in February 2016 against the same month last year.

Worldsteel said in a statement that China’s crude steel production for February 2016 was 58.5 Mt, a decrease of 4.0 percent compared to February 2015.

Elsewhere in Asia, Japan produced 8.4 Mt of crude steel in February 2016, down one percent from February last year.

In the EU, Germany produced 3.4 Mt of crude steel in February 2016, a decrease of 4.3 percent compared to February 2015. Italy produced 1.9 Mt of crude steel, down by 2.1 percent on February 2015. France’s crude steel production was 1.3 Mt, up by 2.6 percent compared to the same month in 2015. Spain produced 1.1 Mt of crude steel, down by 8.9% percent.

Turkey’s crude steel production for February 2016 was 2.4 Mt, up by 4.0 percent on February 2015, worldsteel said, adding that Russia produced 5.7 Mt of crude steel, down by 2.7 percent over February 2015. Ukraine produced 2.0 Mt of crude steel, up by 24.1 percent compared to the same month in 2015.

The US produced 6.4 Mt of crude steel in February 2016, an increase of 2.9 percent compared to February 2015. Brazil’s crude steel production for February 2016 was 2.4 Mt, down by 8.7 percent on February 2015.

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

 

 

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