World crude steel production increases nearly 6 percent year over year in June

World crude steel production increases nearly 6 percent year over year in June

More than 151 million metric tons of steel were produced in June for a capacity utilization rate of 78.5 percent.

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July 30, 2018
Edited by DeAnne Toto
Ferrous

Image: Dreamstime

World crude steel production for the 64 countries reporting to the Brussels-based World Steel Association (Worldsteel) was 151.4 million metric tons in June, a 5.8 percent increase compared with June 2017.

For the first half of 2018, world crude steel production was 881.5 million metric tons, according to the organization. That is a 4.6 percent increase compared with the same period in 2017.

Worldsteel says that in the first half of 2018, Asia produced 613.9 million metric tons of crude steel, or 5.2 percent more than in the same time frame in 2017. The European Union produced 87.3 million metric tons of crude steel in the first half of 2018, which was 1.6 percent more than in the first half of 2017. North America’s crude steel production for the period was 59 million metric tons, or 2.4 more than in the first half of 2017. The Commonwealth of Independent States (C.I.S.) produced 50.5 million metric tons of crude steel in the first half of 2018, an increase of 2.8 percent compared with the same period in 2017.

Production picked up throughout Asia, led by China, which produced 80.2 million tons in June, an increase of 7.5 percent compared with June 2017, according to the organization. Japan produced 8.8 million metric tons of crude steel in June, which was 4.2 percent more than in June 2017. India produced 8.7 million metric tons of crude steel in June, an increase of 7.4 percent compared with last June. South Korea’s crude steel production was 6.1 million tons in June, an increase of 3.2 percent from June 2017.

In the EU, Italy produced 2.1 million metric of crude steel in June, an increase of 1.5 percent compared with June 2017. At 1.3 million metric tons, production declined in France, however, by 4.4 percent relative to June 2017, according to Worldsteel.

Turkey’s crude steel production for June was 3 million metric tons, increasing by less than 1 percent compared with June 2017.

The Ukraine saw a 7.5 percent increase in its crude steel production for June compared with the previous year, producing 1.7 million metric tons.

Like Turkey, the U.S. saw a modest increase in crude steel production of 0.8 percent in June compared with June 2017, producing 6.8 million tons, according to Worldsteel.

The June crude steel capacity utilization ratio for the 64 countries reporting to the organization was 78.5 percent. This is 3.8 percentage points higher than June 2017 and 1 percentage point higher than in May 2018, the organization reports.

    

Steel