21-06-2017

World Steel Production up by 2% in May

worldsteel

World crude steel production for the 67 countries reporting to the World Steel Association (worldsteel) was 143.3 million tonnes (Mt) in May 2017, a 2.0% increase compared to May 2016.

China’s crude steel production for May 2017 was 72.3 Mt, an increase of 1.8% compared to May 2016. Japan produced 9.0 Mt of crude steel in May 2017, an increase of 0.1% compared to May 2016.

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In the EU, Germany produced 3.8 Mt of crude steel in May 2017, a decrease of -1.4% compared to May 2016. Italy produced 2.1 Mt of crude steel, down by -4.1% on May 2016. France produced 1.4 Mt of crude steel, up by 21.5% compared to May 2016. Spain produced 1.2 Mt of crude steel, down by -3.7% on May 2016.

Turkey’s crude steel production for May 2017 was 3.3 Mt, up by 9.7% on May 2016.

The US produced 7.0 Mt of crude steel in May 2017, an increase of 0.2% compared to May 2016.

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Brazil’s crude steel production for May 2017 was 2.9 Mt, up by 13.2% on May 2016.

The crude steel capacity utilisation ratio of the 67 countries in May 2017 was 71.8%. This is 0.5 percentage points higher than May 2016. Compared to April 2017, it is 1.8 percentage points lower.

Source: World Steel Association

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