World crude steel output up 5.8% in October led by China and India – worldsteel

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Photo courtesy: Worldsteel

World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 156.6 million tonnes (Mt) in October 2018, a 5.8% increase compared to October 2017.

China’s crude steel production for October 2018 was 82.6 Mt, an increase of 9.1% compared to October 2017, worldsteel said in a statement, adding that India produced 8.8 Mt, an increase of 0.4% on October 2017.

Japan produced 8.6 Mt of crude steel in October 2018, a decrease of 4.5% compared to October 2017. South Korea’s produced 6.2 Mt of crudes steel, up 3.5% on October 2017, worldsteel said in its latest monthly report.

In the EU, France produced 1.3 Mt of crude steel in October 2018, a decrease of 3.5% compared to October 2017. Italy’s crude steel production for October 2018 was 2.3 Mt, up by 1.1% on October 2017. Spain produced 1.3 Mt in October 2018, a decrease of 7.4% on 2017.

Turkey’s crude steel production for October 2018 was 3.2 Mt, a decrease of 4.3% compared to October 2017.

Crude steel production in Ukraine was 1.8 Mt this month, down 6.7% on October 2017.

The US produced 7.6 Mt of crude steel in October 2018, an increase of 10.5% compared to October 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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