Crude Steel Production Up 6.2 Percent in October

Crude steel production for the 64 countries reporting to the Brussels-based World Steel Association totaled 124 million metric tons in October, 6.2 percent higher than October 2010.

The U.S. produced 7.3 million tons of crude steel in October 2011, an increase of 11.5 percent compared to October 2010. Canada produced 1.1 million tons, up 5 percent from last year.

China's crude steel production for October was 54.7 million tons, an increase of 9.7 percent compared to October 2010. Elsewhere in Asia, Japan produced 9.5 million tons of crude steel in October 2011, a decrease of 0.3 percent compared to the same month last year. South Korea's crude steel production for October was 6.1 million tons, up 17.8 percent up compared to October 2010.

In the EU, Germany's crude steel production for October was 3.7 million tons, a decrease of 4.2 percent on October 2010. Italy produced 2.7 million tons of crude steel in October 2011, 9.6 percent higher than October 2010. France produced 1.4 million tons of crude steel in October 2011, 2.8 percent up compared to October 2010.

The world crude steel capacity utilization ratio in October was 76.5 percent, down from 78.7 percent in September. This was the lowest point of the year to date, though up from the 75.5 percent in October 2010.

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Monday, February 20, 2017