Global crude steel output rose slightly in January, boosted by India and Japan as China’s production fell

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Global crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 139.4 million tonnes (Mt) in January 2018, a 0.8% increase compared to January 2017.

China’s crude steel production for January 2018 was 67.0 Mt, a decrease of 0.9% compared to January 2017, while Japan produced 9.0 Mt — up 0.3% on January 2017.

India produced 9.0 Mt of crude steel in January, up 2.5% on the same month last year, worldsteel said in its latest monthly data release.

In the EU, Italy’s crude steel production for January 2018 was 2.0 Mt, up by 5.3% on January 2017.

France produced 1.4 Mt of crude steel in January 2018, an increase of 3.0% compared to January 2017.

Spain produced 1.1 Mt in January 2018, a decrease of 1.0% on January 2017.

Turkey’s crude steel production for January 2018 was 3.2 Mt, up by 7.6% on January 2017.

The US produced 6.8 Mt of crude steel in January 2018, a 2.2% decrease on January 2017.

Brazil’s crude steel production for January 2018 was 2.9 Mt, up by 1.3% on January 2017.

The crude steel capacity utilisation ratio of the 64 countries in January 2018 was 70.0%, worldsteel said in a statement — 0.2 percentage points lower than January 2017.

Shekhar Ghosh is consulting editor, Indoasiancommodities.com. He has edited and written for publications like Business India, Business Standard, Business Today, Outlook and many other international publications. He can be reached at shekhar.ghosh@indoasiancommodities.in.

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