As per the recent data published by World Steel Association, crude steel production of 66 steel producing countries worldwide fell by 1% from 138.83 MnT in Mar’15 to 137.32 MNT in Mar’16.
While China’s crude steel output increased by 2.9% from 60.66 MnT in Mar’15 to 70.65 MnT in Mar’16, India’s production increased by 3.4% from 7.80 MnT in Mar’15 to 8.06 MnT in Mar’16.
Analyzing first quarter (Jan-Mar) data, crude steel production of 66 countries plunged by 3.6% in current year against previous year. The same stood at 400.27 MnT in 2015 and at 385.67 MnT in 2016.
While China’s crude steel production fell by 3.2% during the first quarter from 198.35 MnT in 2015 to 192.01 MnT in 2016, India’s production during the same period increased by 1.8% from 22.50 MnT in 2015 to 22.91 MnT in 2016.
In case of CIS countries, its crude steel production fell by 0.4% in first quarter of 2016 against corresponding period of previous year.
First Quarter’s Crude steel production: 2015 Vs 2016
| Region | 2015 (Jan-Mar) | 2016 (Jan-Mar) | % Change |
| European Union (28 nations) | 43.97 | 40.87 | -7 |
| Other Europe | 8.2 | 8.31 | -1.4 |
| CIS | 25.07 | 24.98 | -0.4 |
| North America | 27.54 | 27.85 | -1.1 |
| South America | 11.03 | 9.47 | -14.1 |
| Africa | 3.81 | 2.94 | -22.6 |
| Middle East | 6.9 | 6.75 | -2.3 |
| Asia | 272.06 | 263.58 | -3.1 |
| Oceania | 1.37 | 1.2 | -12 |
Quantity in MnT
Source: SteelMint Research
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