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China, US boost global steel output

Keywords: Tags  World Steel Association, steel production, capacity utilization, crude steel, Thorsten Schier

NEW YORK — Global crude steel output rose 1.7 percent last month to more than 136.8 million tonnes, led by Asia, North America and the Commonwealth of Independent States (CIS).

China drove Asian output, with the country logging a 1.5-percent increase to 68.32 million tonnes in July from 67.3 million tonnes in the same month last year. South Korean production jumped 6.2 percent to 5.9 million tonnes, while Indian output rose 1.7 percent to an estimated 6.96 million tonnes, according to the latest World Steel Association data.

In North America, U.S. production rose 2.3 percent to 7.61 million tonnes in July from 7.44 million tonnes a year earlier and Canadian output increased 5.7 percent to 1.12 million tonnes, while Mexican production slipped 0.2 percent to 1.6 million tonnes.

An 8.1-percent gain in Russian production to 6.2 million tonnes more than offset an 11.7-percent drop in Ukraine’s output to 2.49 million tonnes.

European Union production fell 2 percent as gains in France and Germany were more than offset by declines in Italy and other countries.

Global capacity utilization was put at 75.4 percent in July, down 1.2 points from the same month last year.

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