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Global crude steel production in May 2018 surges by 6.6pct YoY

World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 154.9 million tonnes in May 2018, a 6.6% increase compared to May 2017. While Chinese steelmills, to maximize their margins with current elevated prices, pumped 81.127 million tonnes crude steel in May 2018 up by 8.9% YoY, crude steel production in Japan, buoyed by strong domestic demand, also recovered in May 2018 to 9.093 million tonnes displacing India, which produced 8.822 million tonnes, to retake second spot. 

Regionwise Details

Region May’17 May’18 YoY Jan-May’17 Jan-May’18 YoY
Total 64 countries 145 237 154 856 6.6% 696 184 727 979 4.6%
Asia 101 047 108 814 7.7% 480 093 504 121 5.0%
European Union (28) 14 714 14 979 1.8% 71 785 73 069 1.8%
North America 9 691 10 107 4.3% 47 985 49 465 3.1%
C.I.S. (6) 8 221 9 035 9.9% 41 260 42 403 2.8%
South America 3 734 3 522 -5.7% 17 824 18 353 3.0%
Other Europe 3 569 3 614 1.3% 16 460 17 297 5.1%
Middle East 2 600 2 995 15.2% 12 831 14 625 14.0%
Africa 1 168 1 216 4.1% 5 574 5 955 6.8%
Oceania 492 574 16.5% 2 372 2 691 13.4%
 

In ‘000 tonnes
Source – worldsteel

Top 25 Countries

Rank Country May’17 May’18 YoY Jan-May’17 Jan-May’18 YoY
1 China 74 491 81 127 8.9% 347 714 368 622 6.0%
2 Japan 8 929 9 093 1.8% 43 914 44 217 0.7%
3 India 8 199 8 822 7.6% 42 155 44 123 4.7%
4 United States 6 901 7 107 3.0% 33 884 34 846 2.8%
5 Russia 5 877 6 230 6.0% 29 452 30 027 2.0%
6 South Korea 6 046 6 227 3.0% 28 864 29 940 3.7%
7 Germany 3 801 3 900 2.6% 18 618 18 685 0.4%
8 Turkey 3 308 3 325 0.5% 15 193 15 850 4.3%
9 Brazil 2 931 2 678 -8.6% 14 069 14 272 1.4%
10 Italy 2 102 2 180 3.7% 10 266 10 663 3.9%
11 Iran 1 793 2 015 12.4% 8 162 10 142 24.3%
12 Mexico 1 741 1 800 3.4% 8 347 8 746 4.8%
13 Ukraine 1 647 1 695 2.9% 8 644 8 680 0.4%
14 Taiwan, China 2 004 1 715 -14.4% 9 692 8 481 -12.5%
15 France 1 425 1 333 -6.5% 6 592 6 709 1.8%
16 Spain 1 249 1 337 7.0% 6 131 6 248 1.9%
17 Canada 1 001 1 145 14.3% 5 512 5 620 2.0%
18 Vietnam (2) 755 1 030 36.4% 3 969 4 722 19.0%
19 Poland 881 855 -3.0% 4 274 4 357 1.9%
20 Belgium 705 685 -2.8% 3 340 3 365 0.8%
21 Austria 715 709 -0.8% 3 429 3 348 -2.4%
22 United Kingdom 617 582 -5.7% 3 235 3 204 -1.0%
23 Egypt 575 626 8.8% 2 761 3 157 14.4%
24 Netherlands 616 624 1.4% 2 838 2 950 3.9%
25 South Africa 554 568 2.6% 2 620 2 650 1.1%
 

In ‘000 tonnes
Source – worldsteel

The crude steel capacity utilisation ratio of the 64 countries in May 2018 was 77.7%. This is 4.2 percentage points higher than May 2017. Compared to April 2018, it is 1.0 percentage point higher.

Source : STRATEGIC RESEARCH INSTITUTE, STEELGURU

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