World Crude Steel Output Inched Up in Jan’18

According to the recent data released by World Steel Association (WSA),the total crude steel production of 66 steel manufacturing countries moved up marginally by 1% on monthly basis to 139.43 MnT in Jan’18 in comparison to 137.57 MnT in Dec’17.

On yearly basis also world crude steel output inched up slightly by 0.8% in Jan’18 as compared to 138.26 MnT in Jan’17.

SteelMint has analyzed world’s crude steel production numbers of major steel producing countries –

China’s crude steel output remained stable in Jan’18 – China’s crude steel output remain unchanged since past two months and stood at 67 MnT in Jan’18.On yearly basis,China’s crude steel production was down slightly by 1% in Jan’18 as compared to 67.6 MnT in Jan’17.

Japan’s crude steel production up by 4% M-o-M in Jan’18 – In Jan’18 nation’s crude steel output increases by 4%,M-o-M basis to 9.03 MnT in Jan’18 against 8.72 MnT in Dec’17. However on yearly basis,nation’s crude steel output remain stable at 9 MnT in Jan’18 and Jan’17.

India’s crude steel output moved up by 3% M-o-M in Jan’18 – According to data released by World Steel Association,India’s crude steel output stood at 9.02 MnT,jumped by 3% M-o-M basis in Jan’18 against 8.79 MnT in Dec’17.However on yearly basis India’s crude steel output edged up by 2.5% in Jan’18 which was 8.8 MnT in Jan’17.

South Korea crude steel output remain unaltered in Jan’18-South Korea’s crude steel production was recorded at 6.12 MnT remain unchanged against previous month’s output On yearly basis,South Korea crude steel output up by 2.6% in Jan’18 against 5.96 MnT in Jan’17.

Crude steel production of other top steel producing countries in month of Jan’18 remained as follows United States (6.8 MnT, up1% M-o-M) ,Russia: 5.70 MnT (-4% M-o-M) ,Brazil: 2.86 MnT (up 1% M-o-M) ,Turkey 3.17 MnT (-3%M-o-M) and Germany 3.7 MnT (up 12%M-o-M).