According to the recent provisional data released by World Steel Association (WSA),the total crude steel production of 67 steel manufacturing countries has recorded the growth of 5% to 836.03 MnT against 800.84 MnT in similar time-frame of previous year.
Nation’s crude steel for Jun’17 has registered a growth of 3.2%, Y-o-Y basis and was recorded at 141.05 MnT in Jun’17 against 136.6 MnT in Jun’16.
On monthly basis, world crude steel production slipped by 2% in Jun’17 against May’17. In May’17 world crude steel production was recorded at 143.3 MnT.
SteelMint has analyzed world’s crude steel production numbers of major steel producing countries –
China’s crude steel ramps up crude steel output in Jun’17 – China’s crude steel output has recorded increase of 5.6% Y-o-Y to 73.23 MnT in Jun’17 against 69.3. MnT Jun’16. On monthly basis,China’s crude steel production registered the minute rise of 1.3% in Jun’17 as compared to 72.3 MnT in May’17.
Japan crude steel production down by 4.3%,Y-o-Y in Jun’17 – In Jun’17 nation’s crude steel reported a downfall of 4.3%,Y-o-Y basis to 8.39 MnT against 8.77 MnT in Jun’16. On M-o-M basis, Japan’s crude steel production move down significantly by 6.04% compared to 8.93 MnT in May’17.
India’s crude steel output drop down 3% in Jun’17 – According to data released by World Steel Association, India’s crude steel output stood at 7.95 MnT,down by 3% in Jun’17 against 8.2 MnT in May’17. However as per provisional data released by Joint Plant Committee (govt. of India) nation’s crude steel assessed at 8.29 MnT in Jun’17 against May’17.
South Korea crude steel output Increases 8%,Y-o-Y basis in Jun’17
South Korea’s crude steel production was recorded at 5.91 MnT up by 8%,Y-o-Y basis in Jun’17 against 5.48 MnT in Jun’16. On monthly basis, South Korea crude steel output fell by 2.1% MnT in Jun’17 against 6.04. MnT May’17.
However,crude steel production of other top steel producing countries in Jun’17 are as follows United States: 6.71 MnT, Russia: 5.34 MnT and Brazil: 2.65 MnT.
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