Friday, November 19, 2010

October 2010 crude steel production for the 66 countries reporting to worldsteel

 

Brussels, 19 November 2010 - World crude steel production for the 66 countries reporting to the World Steel Association (worldsteel) was 118 million metric tons (mmt) in October. This is 2.4% higher than October 2009.

 

China’s crude steel production for October 2010 was 50.3 mmt, a decrease of -3.8% compared to October 2009.

 

Elsewhere in Asia, Japan produced 9.5 mmt of crude steel in October 2010, 8.0% higher than October 2009. South Korea’s crude steel production for October 2010 was 5.2 mmt, 11.4% up compared to the same month last year.

 

In the EU, Germany’s crude steel production for October 2010 was 3.8 mmt, an increase of 11.0% on October 2009. Italy produced 2.5 mmt, 11.9% more than the same month in 2009. Spain produced 1.4 mmt, a -12.2% decrease compared to October 2009.

 

Turkey produced 2.7 mmt of crude steel in October 2010, 18.6% higher than October 2009.

 

The US produced 6.6 mmt of crude steel in October 2010, an increase of 9.6% compared to October 2009.

 

Brazil produced 2.9 mmt of crude steel in October 2010, a 4.7% increase over the same month last year.

 

World crude steel production in October 2010 is 18.5% higher than in October 2008 when the impact of the global economic crisis on world crude steel production became clearer. Crude steel production for the 66 countries during the first 10 months of 2010 was 1,165 mmt, 2.4% higher than in 2008. However, crude steel production in the EU and North America during the first 10 months of 2010 was still -17.4% and -16.8% (respectively) less, compared to the same period in 2008 while Asia’s crude steel production was 14.7% higher.

 

The crude steel capacity utilisation ratio of the 66 countries in October 2010 continued to rebound to 75.4% from 74.8% in September 2010. Compared to October 2009, the utilisation ratio in October 2010 decreased by 2.7 percentage points.


 

 

Notes:

 

·  The monthly crude steel capacity utilisation ratio is calculated based on crude steel production and capacity information available at worldsteel. The capacity information is based on publicly-available data, updated twice a year and verified through worldsteel’s membership.

· The World Steel Association (worldsteel) is one of the largest and most dynamic industry associations in the world. worldsteel represents approximately 180 steel producers (including 19 of the world's 20 largest steel companies), national and regional steel industry associations, and steel research institutes. worldsteel members produce around 85% of the world's steel.

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