Growth in global steel production slows in '12

Jan 22, 2013 | 04:40 PM | Samuel Frizell

Tags  world crude steel production, steel, steel output, World Steel Association, WorldSteel, Samuel Frizell

NEW YORK — Growth in global crude steel production slowed dramatically in 2012 as output in the North American and Asian markets slackened and output in faltering European Union countries fell more rapidly in 2012 than in the previous year.

The 62 countries reporting to the World Steel Association (WorldSteel) produced just 1.2 percent more steel in 2012 than in 2011, increasing global output to 1.52 billion tonnes compared with 1.5 billion tonnes in 2011. Global steel output had increased 6.8 percent in 2011 vs. 2010. ....

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