Global crude steel output in June up 5.8 % to 151.4 million tonnes – worldsteel

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World crude steel production was 881.5 Mt in the first six months of 2018, up by 4.6% compared to the same period in 2017, worldsteel said in a statement, adding that Asia produced 613.9 Mt of crude steel, an increase of 5.2% over the first half of 2017.

The output in June was up 5.8 percent year-on-year to 151.4 million tonnes, worldsteel said in a statement.

It said that the European Union produced 87.3 Mt of crude steel in the first half of 2018, up by 1.6% compared to the same period of 2017 while North America’s crude steel production in the first six months of 2018 was 59.0 Mt, an increase of 2.4% compared to the first half of 2017.

The C.I.S. produced 50.5 Mt of crude steel in the first six months of 2018, an increase of 2.8% over the same months of 2017, it said, quoting data from its 64 member countries.

China’s crude steel production for June 2018 was 80.2 Mt, an increase of 7.5% compared to June 2017.

Japan produced 8.8 Mt of crude steel in June 2018, up 4.2% on June 2017.

India produced 8.7 Mt of crude steel in June 2018, an increase of 7.4% compared to June 2017, while the output in the first six months of this year was up 5.1 percent.

South Korea’s crude steel production was 6.1 Mt in June 2018, an increase of 3.2% on June 2017.

In the EU, Italy produced 2.1 Mt of crude steel, up by 1.5% on June 2017. France produced 1.3 Mt of crude steel, a decrease of 4.4% compared to June 2017.

Turkey’s crude steel production for June 2018 was 3.0 Mt, up by 0.7% on June 2017.

Crude steel production in Ukraine was 1.7 Mt this month, up 7.5% on June 2017.

The US produced 6.8 Mt of crude steel in June 2018, an increase of 0.8% compared to June 2017.

The crude steel capacity utilisation ratio of the 64 countries in June 2018 was 78.5%. This is 3.8 percentage points higher than June 2017. Compared to May 2018, it is 1.0 percentage point higher.

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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