According to the latest data released by Word Steel Association (WSA), the total crude steel production of 66 steel manufacturing countries moved up by 5.5% Y-o-Y basis to 1.675 BnT in CY17 against 1.587 BnT in CY16.
Crude steel production numbers of world’s major steel producing countries –
China’s crude steel output increased 6% Y-o-Y: China’s total output of crude steel increased by 5.7% Y-o-Y to 831.73 MnT in CY’17 against 786.88 MnT in CY’16. However in Dec’17, China’s crude steel production reached 67.05 MnT, up 1.8% Y-o-Y.
Japan crude steel production increased marginally – Japan continued to remain 2nd largest steel producer observing marginal increase in output to 104.9 MnT in CY17.
India’s crude steel output jumped 6% Y-o-Y – India – the 3rd largest steel maker is poised to become 2nd largest in coming years. India’s crude steel output was recorded at 101.4 MnT in CY17, up 6% Y-o-Y.
United States remained the fourth largest steel producer – United States remained world’s 4th largest steel producer at 81.6 MnT in CY17, witnessing yearly growth of 4%.
Crude steel output of other major countries remained as follows: Russia (71.3 MnT), South Korea (71.2 MnT), Germany (43.5 MnT), Turkey (37.5 MnT) and Brazil (34.7 MnT).
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