Worldsteel says global crude steel production in April 2016 fell slightly

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World crude steel production in April fell slightly by 0.5 percent, but output in China – which has been accused of dumping its surplus steel on the world – grew by a similar rate, the World Steel Association (worldsteel) said.

It said steel production in the 66 reporting countries was 135 million tonnes, while China’s crude steel production for April 2016 was 69.4 Mt, an increase of 0.5 percent compared to April 2015.

steelllElsewhere in Asia, Japan produced 8.5 Mt of crude steel in April 2016, an increase of -1.2 percent compared to April 2015. South Korea’s crude steel production was 5.7 Mt in April 2016, down by -1.3 percent on April 2015, the latest monthly production report said.

Russia produced 5.9 Mt of crude steel, down 0.4 percent over April 2015. Ukraine produced 2.2 Mt of crude steel, up by 11.7 percent compared to the same month in 2015.

The United States produced 6.6 Mt of crude steel, an increase of 2.5 percent compared to April 2015, while Brazil’s crude steel production was 2.3 Mt, down by 20.6 percent on April 2015.

The crude steel capacity utilisation ratio of the 66 countries in April 2016 was 69.2 percent. This is 3.6 percentage points lower than April 2015. Compared to March 2016, it is 1.5 percentage points lower.

 

 

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