World’s crude steel production fell by 4.1% Y-o-Y in Nov’15 and 3% during Jan-Nov’15 against the same duration a year back, reported Worldsteel.
Brussels-based World Steel Association (Worldsteel) has reported total crude steel production of 66 countries across the globe fell by 4.1% to 127 MnT in Nov’15 against 132 MnT in Nov’14.
Cumulative production for January to November, crude steel production fell by 3% to 1,470 MnT in 2015 compared to 1,510 MnT in 2014.
Recent price declines seen in steel, iron ore and coking coal offers have emerged as a major setback for slump in global crude steel production in the month of Nov’15.
Worldsteel reports that the United States witnessed the highest decline of 15.6% to 6.1 MnT in production relative to Nov’14. Meanwhile in the EU, France also posted a double-digit decline of 14.7% to 1.2 MnT.
China’s crude steel production was 63.3 MnT, a decrease of 1.6% compared with Nov’14. While, India reported marginal fall of 0.24% to 7.14 MnT in contrast to 7.16 MnT in Nov’14.
Alongside, Russia produced 5.7 MnT i.e 3.1% less than it produced in Nov’14. While, Ukraine produced 1.9 MnT i.e 3.1% more than it produced in the same month in 2014.
Brazil’s crude steel production was 2.5 MnT, a decrease of 4.4% relative to Nov’14.
Cumulative world crude steel production
| Nation | CY15 (Jan-Nov) | CY14 (Jan-Nov) | % Change | Nov’14 | Nov’15 | Y-o-Y |
| European Union (28 nations) | 156.85 | 154.48 | -1.51 | 14.23 | 13.16 | -7.49 |
| Other Europe | 33.28 | 31.08 | -6.62 | 2.98 | 2.79 | -6.16 |
| CIS (6 nations) | 97.27 | 92.88 | -4.51 | 8.33 | 8.19 | -1.68 |
| North America | 111.21 | 102.27 | -8.04 | 9.73 | 8.39 | -13.72 |
| South America | 41.51 | 40.63 | -2.12 | 3.63 | 3.45 | -5.12 |
| Africa | 13 | 12.74 | -2.01 | 1.19 | 1.03 | -13.48 |
| Middle East | 25.67 | 25.23 | -1.69 | 2.48 | 2.11 | -14.68 |
| Asia | 1,026.25 | 1,006.76 | -1.90 | 89.27 | 87.21 | -2.31 |
| Oceania | 5 | 5.32 | 6.3 | 0.39 | 0.48 | 24.18 |
Quantity in MnT
Source: Worldsteel
Leave a Reply