Steel production up 2% in May

By Davide Ghilotti
Published: Friday, 07 July 2017

Global steel output rose in May as increases from China, the US, Turkey and Brazil offset declines in Europe, worldsteel data show.

Global steel production rose 2% year-on-year (y-o-y) in May to 143.3m tonnes, according to data from the World Steel Association (worldsteel).

Chinese production for the month, at 72.3m tonnes, was 1.8% above May 2016.
Non-Asian producers that also increased output included the US, Turkey and Brazil.
Turkish production rose 9.7% y-o-y to 3.3m tonnes in the month.

US production saw a marginal uptick of 0.2%, to 7m tonnes, while Brazilian production increased by a sizeable 13.2% to 2.9m tonnes.

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Japanese production stood at 9m tonnes (an increase of 0.1%).

In Europe, only France posted growth in May, with its output up by 21.5% y-o-y to 1.4m tonnes.

Germany, Italy and Spain all reduced production.

German output in May stood at 3.8m tonnes (-1.4% y-o-y), Italian production was 2.1m tonnes (-4.1%) and Spain recorded 1.2m tonnes (-3.7%).

For the 67 countries supplying data to worldsteel, the crude steel capacity utilisation ratio in May was 71.8%, half a point above last year and almost two points higher than in April.