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Kallanish Kallanish

Knowledge matters Knowledge matters

August, 15th 2020

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Kallanish Steel Weekly: Global crude steel output growth remains firm (May 7, 2019)

The World Steel Association (worldsteel) says that global crude steel output from its 64 reporting countries was 155 million tonnes in March 2019, up 4.9% year-on-year. China produced 80.3mt in the month, an increase of 10% on March 2018 and still well over half of the world’s crude steel output.

Crude steel production in India was 9.4mt, down by -1.0% from March 2018 whilst output in Japan was unchanged y-o-y at 9.1mt. South Korean production rose by 2.8% y-on-y during the month to reach 6.3mt.

In the EU28 total March crude steel production slipped by just -1.2% y-o-y to 15.0mt. Estimated output in Germany also moved down slightly by -1.1% to 3.7mt. Monthly production hardly moved on-year in Italy, slipping by just -0.3% to 2.3mt. French crude steel output rose on-year in March by 2.3% to just under 1.4mt. Spanish output increased by 5.9% to 1.4mt.

US crude steel output was 7.8mt in March 2019, an on-year increase of 5.7% whilst in Brazil crude steel production was 2.8mt, down by -8.6% on March 2018.

Russian estimated production was 5.8mt in the month, -6.5% down on-year. Ukraine’s output rose meanwhile to 2.0mt, up by 15.0%, same basis. Turkish production was 3mt in the month, down by -11.7% y-o-y.