World crude steel output continues its rise; up 3.5 percent in February with China leading the pack

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China’s crude steel production in February rose nearly six percent year-on-year, pulling global output in 64 countries reporting to the World Steel Association (worldsteel) to 131.8 million tonnes (Mt), a 3.5% increase compared to February 2017.

China’s crude steel production for February 2018 was 64.9 Mt, while India produced 8.4 Mt of crude steel in February 2018, up 3.4% on February 2017, worldsteel said in a statement.

Japan produced 8.3 Mt of crude steel last month, down 0.5% on February 2017, while South Korea’s crude steel production for was 5.4 Mt, down 2.1% on the same month last year.

In the EU, Italy’s crude steel production was 2.1 Mt, up by 4.5% on February 2017; France produced 1.3 Mt of crude steel, an increase of 1.0%; Spain produced 1.1 Mt of crude steel in February 2018, an increase of 0.4% on February 2017, worldsteel data showed.

  • Turkey’s crude steel production for February 2018 was 3.0 Mt, up by 8.7% on February 2017.
  • The US produced 6.4 Mt of crude steel in February 2018, a 0.4% increase on February 2017.
  • Brazil’s crude steel production for February 2018 was 2.7 Mt, up by 5.5% on February 2017.

Worldsteel put the crude steel capacity utilisation ratio of the 64 countries in February 2018 at 73.3%, which was 1.8 percentage points higher than February 2017. Compared to January 2018, it was 0.5 percentage points higher, the industry body said.

Uttara is a correspondent with Indoasiancommodities. You can write to her on uttara.malhotra@indoasiancommodities.in.

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