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Global crude steel production up 2.2% in May ’14

According to the most recent statistics published by the World Steel Association, the crude steel production by 65 member countries was 141.184 million tonnes (Mt) in May this year, 2.2% higher than the production during same month the previous year.

The total crude steel production by EU-28 countries during March this year was 15.042 Million tonnes (Mt), higher than the May 2013 production of 14.640 Mt by 2.7%. Other European countries produced 3.173 Million tonnes of crude steel, lower by 1.6% when compared to 3.225 Million tonnes production achieved during May 2013. The CIS countries’ crude steel production climbed higher by 1.9% from 9.348 Mt to 9.526 Mt. The total crude steel production by North America was up by 3.3% from 9.891 Mt in May 2013 to 10.216 Mt in May this year.

The total crude steel production by South America during May this year declined by 4.2% to 3.886 Mt. African countries produced 1.366 Million tonnes of crude steel, dropping by 6.0% when compared to 1.453 Million tonnes production achieved during May 2013. The total crude steel production by the Middle East countries during May this year was 2.392 Million tonnes(Mt), higher by 7.3% when compared with the May 2013 output of 2.229 Mt. The Asian countries’ crude steel production too increased by 2.6% from 92.751 Mt to 95.146 Mt. The total crude steel production by Oceania region plunged 10% from 0.485 Mt in May 2013 to 0.437 Mt in May this year.

The following table provides cumulative crude steel output for the first five months in 2014 in comparison with those during same period in 2013.

Region

5 months (2014)

5 months (2013)

% Change

EU-28

73,287

70,077

+4.6

Other Europe

14,979

15,066

-0.6

CIS(6)

44,816

45,492

-1.5

N.America

49,964

49,225

+1.5

S.America

18,642

18,903

-1.4

Africa

6,617

6,500

+1.8

Middle East

11,260

10,487

+7.4

Asia

462,450

449,950

+2.8

Oceania

2,224

2,367

-6.1

Note: The above outputs are in thousands of tonnes.

Source:Scrap Monster

(www.yaang.com)

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