Global steel production climbs for February

Global steel production climbs for February
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The World Steel Association has released figures showing that the world crude steel production for the 67 countries reporting to the Brussels-based association was 126.6 million tonnes in February 2017, a 4.1 percent increase compared to figures the same time last year. Of further note, there was one extra day last February.

Members of the association account for about 85 percent of the world’s steel production and includes more than 160 steel producers.

China’s crude steel production for February was 61.2 million metric tons, a 4.6 percent increase from February 2016. Other Asian countries and their production figures for the month include Japan, which produced 8.3 million metric tons of crude steel in February 2017, a decrease of -0.1 percent compared to February 2016; India, which produced 8.1 million metric tons of crude steel in February, an increase of 8.9 percent from last February; and South Korea, which posted crude steel production of 5.5 million metric tons for the month, an 8.3 percent increase from the same time last year.

In the European Union, Germany produced 3.5 million metric tons of crude steel in February 2017, an increase of 2.6 percent compared to February 2016. Italy produced 2 million metric tons of crude steel, up 1.2 percent from last February. France produced 1.2 million metric tons of crude steel for the month, down 5.8 percent from last February. Spain produced 1.1 million metric tons of crude steel, down 4.6 percent compared to February 2016.

Turkey’s crude steel production for February 2017 was 2.7 million metric tons, up by 15.6 percent from February 2016.

The United States produced 6.4 million metric tons of crude steel in February 2017, a decrease of 1 percent compared to February 2016.

Brazil’s crude steel production for February 2017 was 2.6 million metric tons, up by 5.7 percent on February 2016.

For the month, the crude steel capacity utilization ratio of the 67 countries was 70.3 percent, 4 percent higher than the same time last year. Additionally, the steel utilization rate for February 2017 was 1.1 percent greater than the previous month.

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Source: Recycling Today
Global steel production climbs for February
<![CDATA[The World Steel Association has released figures showing that the world crude steel production for the 67 countries reporting to the Brussels-based association was 126.6 million tonnes in February 2017, a 4.1 percent increase compared to figures the same time last year. Of further note, there was one extra day last February. Members of the association account for about 85 percent of the world’s steel production and includes more than 160 steel producers. China’s crude steel production for February was 61.2 million metric tons, a 4.6 percent increase from February 2016. Other Asian countries and their production figures for the month include Japan, which produced 8.3 million metric tons of crude steel in February 2017, a decrease of -0.1 percent compared to February 2016; India, which produced 8.1 million metric tons of crude steel in February, an increase of 8.9 percent from last February; and South Korea, which posted crude steel production of 5.5 million metric tons for the month, an 8.3 percent increase from the same time last year. In the European Union, Germany produced 3.5 million metric tons of crude steel in February 2017, an increase of 2.6 percent compared to February 2016. Italy produced 2 million metric…