World steel production continues to rise

(Posted on 28/08/18)

World crude steel production for the 64 countries reporting to the World Steel Association (Worldsteel) was 154.6 million tonnes (Mt) in July 2018, a 5.8% increase compared to July 2017

Worldsteel is one of the largest and most dynamic industry associations in the world. Members represent approximately 85% of the world's steel production, including over 160 steel producers with 9 of the 10 largest steel companies, national and regional steel industry associations, and steel research institutes.

China’s crude steel production for July 2018 was 81.2 Mt, an increase of 7.2% compared to July 2017. Japan produced 8.4 Mt of crude steel in July 2018, down by 2.0% on July 2017. South Korea’s crude steel production was 6.2 Mt in July 2018, an increase of 0.1% on July 2017.

Production (Mt)Growth (% y-on-y)Crude steel productionWorldROWChinaWorld (%)ROW (%)China (%)Feb-17Mar-17Apr-17May-17Jun-17Jul-17Aug-17Sep-17Oct-17Nov-17Dec-17Jan-18Feb-18Mar-18Apr-18May-18Jun-18Jul-180501001502000481216worldsteel.orgMay-17â— World : 145.2 Mt

Turkey’s crude steel production for July 2018 was 3.3 Mt, down by 2.3% on July 2017.

Crude steel production in Ukraine was 1.8 Mt this month, up 11.4% on July 2017.

The US produced 7.3 Mt of crude steel in July 2018, an increase of 4.5% compared to July 2017.

Brazil’s crude steel production for July 2018 was 3.0 Mt, up by 6.7% on July 2017.

The crude steel capacity utilisation ratio of the 64 countries in July 2018 was 77.5%. This is 3.8 percentage points higher than July 2017. Compared to June 2018, it is 1.4 percentage points lower.

The monthly crude steel capacity utilisation ratio is calculated based on crude steel production information available at worldsteel, and OECD capacity estimates.