Metal & Oil & Gas News – Nctv.net
World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 154.6 million tonnes in July 2018, a 5.8% increase compared to July 2017 driven by 7.2% YoY surge in China’s crude steel production to 81.2 million tonnes, seemingly defying ongoing output curbs that have been in place in many northern provinces during summer, more than the rest of the world combined during the month, surpassing the previous peak struck in May this year. India produced 9 million tonnes in crude steel in July 2018, also all time high. As a result, global crude steel production in Jan-Jul’2018 period grew by about 5.1% to 1.035 billion tonnes ie monthly average of 147.9 million tonnes projecting annualized figure of 1.775 million tonnes minimum as the current monthly rate is much higher
Region Wise Details
| Region | Jul’17 | Jul’18 | YoY | Jan-Jul’17 | Jan-Jul’18 | YoY |
| Total 64 countries | 146 105 | 154 576 | 5.8% | 985 382 | 1 035 582 | 5.1% |
| Asia | 102 502 | 108 984 | 6.3% | 683 053 | 721 928 | 5.7% |
| European Union (28) | 13 983 | 14 532 | 3.9% | 99 982 | 101 983 | 2.0% |
| North America | 9 866 | 10 130 | 2.7% | 67 509 | 69 392 | 2.8% |
| C.I.S. (6) | 8 429 | 8 720 | 3.5% | 57 606 | 59 117 | 2.6% |
| South America | 3 610 | 3 887 | 7.7% | 24 834 | 25 959 | 4.5% |
| Other Europe | 3 595 | 3 564 | -0.9% | 23 292 | 24 122 | 3.6% |
| Middle East | 2 554 | 2 982 | 16.8% | 18 047 | 20 905 | 15.8% |
| Africa | 1 050 | 1 200 | 14.3% | 7 669 | 8 348 | 8.8% |
| Oceania | 514 | 577 | 12.3% | 3 390 | 3 827 | 12.9% |
In ‘000 tonnes
Source – worldsteel
Top 25 Nations
| Rank | Country | Jul’17 | Jul’18 | YoY | Jan-Jul’17 | Jan-Jul’18 | YoY |
| 1 | China | 75 756 | 81 241 | 7.2% | 498 094 | 530 059 | 6.4% |
| 2 | India | 8 330 | 9 000 | 8.0% | 58 621 | 61 831 | 5.5% |
| 3 | Japan | 8 588 | 8 420 | -2.0% | 60 912 | 61 390 | 0.8% |
| 4 | United States | 6 962 | 7 275 | 4.5% | 47 639 | 49 334 | 3.6% |
| 5 | South Korea | 6 170 | 6 177 | 0.1% | 40 964 | 42 238 | 3.1% |
| 6 | Russia | 6 118 | 6 170 | 0.8% | 41 188 | 42 094 | 2.2% |
| 7 | Germany | 3 517 | 3 900 | 10.9% | 25 737 | 26 355 | 2.4% |
| 8 | Turkey | 3 345 | 3 266 | -2.3% | 21 559 | 22 159 | 2.8% |
| 9 | Brazil | 2 831 | 3 022 | 6.7% | 19 546 | 20 214 | 3.4% |
| 10 | Italy | 2 139 | 2 210 | 3.3% | 14 508 | 15 025 | 3.6% |
| 11 | Iran | 1 750 | 1 981 | 13.2% | 11 697 | 14 457 | 23.6% |
| 12 | Taiwan, China | 1 819 | 2 040 | 12.2% | 13 328 | 13 461 | 1.0% |
| 13 | Ukraine | 1 629 | 1 815 | 11.4% | 11 864 | 12 206 | 2.9% |
| 14 | Mexico | 1 728 | 1 780 | 3.0% | 11 772 | 12 196 | 3.6% |
| 15 | France | 1 362 | 1 310 | -3.8% | 9 279 | 9 289 | 0.1% |
| 16 | Spain | 999 | 1 200 | 20.1% | 8 383 | 8 662 | 3.3% |
| 17 | Vietnam (2) | 970 | 1 321 | 36.1% | 5 819 | 7 535 | 29.5% |
| 18 | Canada | 1 125 | 1 020 | -9.3% | 7 758 | 7 499 | -3.3% |
| 19 | Poland | 912 | 870 | -4.6% | 6 040 | 6 093 | 0.9% |
| 20 | Belgium | 608 | 645 | 6.1% | 4 562 | 4 674 | 2.5% |
| 21 | United Kingdom | 591 | 750 | 26.9% | 4 436 | 4 671 | 5.3% |
| 22 | Egypt | 539 | 630 | 16.8% | 3 871 | 4 397 | 13.6% |
| 23 | Austria | 678 | 354 | -47.8% | 4 762 | 4 175 | -12.3% |
| 24 | Netherlands | 574 | 589 | 2.6% | 4 016 | 4 121 | 2.6% |
| 25 | South Africa | 493 | 535 | 8.5% | 3 572 | 3 732 | 4.5% |
In ‘000 tonnes
Source – worldsteel
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.
Source : STRATEGIC RESEARCH INSTITUTE, STEELGURU
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