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Global crude steel output up in October

Keywords: Tags  World Steel Association, crude steel, steel production

NEW YORK — Global crude steel output rose 6.6 percent in October from a year earlier to 134.26 million tonnes on the back of gains in most major steel-producing regions, according to World Steel Association (WorldSteel) data.

The crude steel capacity utilization ratio by the 65 countries reporting to WorldSteel was 77.5 percent last month, up 2.5 points from a year ago but down 1.8 points from September.

Asian output jumped 8 percent to 89.99 million tonnes in October, driven by a 9.2-percent increase in Chinese crude steel production to 65.08 million tonnes.

North American output rose 6.6 percent to 10.19 million tonnes, with an 8.7-percent year-on-year increase in U.S. production to 7.39 million tonnes and a 1.7-percent increase in Mexican output to an estimated 1.57 million tonnes more than offsetting a 1.7-percent decline in Canadian production to 1.1 million tonnes.

Production for the 27 nations comprising the European Union rose 4 percent to 14.7 million tonnes in October. Germany, the region’s largest steel producer, logged a 1.9-percent gain to 3.76 million tonnes, while Spain’s production jumped 23.9 percent to 1.36 million tonnes. However, the region’s No. 2 producer, Italy, posted a decline of 10.1 percent to 2.22 million tonnes.

Elsewhere in Europe, Turkish steel production rose 6.9 percent to 3.08 million tonnes.

Bucking the generally rising trend were the Commonwealth of Independent States (down 0.8 percent to 8.88 million tonnes), with Russian output falling 1.5 percent to 5.67 million tonnes; South America (also down 0.8 percent to 4.09 million tonnes), with Brazil’s production down 2.8 percent to 3.02 million tonnes; and Oceania (down 4.5 percent to 481,000 tonnes).

Global crude steel production totaled 1.32 billion tonnes in the first 10 months of this year, up 3.2 percent from 1.28 billion tonnes a year earlier, according to WorldSteel data.

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