Source: Steel Times International
World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 131.8Mt in February 2018, up 3.5% when compared with February last year.
China’s* crude steel production for February 2018 was up 5.9% to 64.9 Mt, and India produced 8.4 Mt of crude steel, up 3.4% on the previous year. In Japan 8.3 Mt of crude steel was produced in February 2018, down 0.5% when compared with 2017 figures, while South Korea produced 5.4Mt of crude steel, down 2.1%.
In the European Union, Italy’s crude steel production for February 2018 was up by 4.5% to 2.1Mt while the French produced 1.3 Mt, an increase of just 1% compared to February 2017 figures. Spain produced 1.1 Mt of crude steel, an increase of 0.4% on February figures.
Turkey produced 3Mt of crude steel February, up 8.7% on last year.
The United States produced 6.4 Mt of crude steel in February 2018, a 0.4% increase on last year.
In Brazil, crude steel production for February 2018 totalled 2.7 Mt, up 5.5% on February 2017.
The crude steel capacity utilisation ratio of the 64 countries reporting to worldsteel in February 2018 was 73.3%. This is 1.8 percentage points higher than in February 2017. Compared to January 2018, it is 0.5 percentage points higher.
* China Iron and Steel Association (CISA) estimate.