Global steel output in October jumped 5.9% y-o-y: WSA

04 December 2017

As per the recently released data by World Steel Association, the overall crude steel production for the 66 countries reporting to WSA was estimated at 145.3 million tonnes (Mt) in October 2017, a 5.9% increase compared to October 2016.

Global leader in steel, China’s crude steel production for October 2017 was 72.4 Mt, an increase of 6.1% compared to October 2016. Japan produced 9.0 Mt of crude steel in October 2017, a decrease of -1.0% compared to October 2016. India produced 8.6 Mt of crude steel in October 2017, an increase of 5.3% compared to October 2016.

Meanwhile, Japan, the second largest crude steel producing nation, reported a 1% contraction in output at 8.9 Mt in October 2017, compared to 9 Mt during the same month last year.

However, India’s crude steel production rose 5.3% to reach 8.6 Mt in October 2017. The country had produced 8.2 Mt of steel during the same month last year.

In Europe, Italy’s crude steel production for October 2017 was 2.3 Mt, up by 6.1% on October 2016. France produced 1.4 Mt of crude steel in October 2017, an increase of 1.6% compared to October 2016. Spain produced 1.3 Mt in October 2017, an increase of 11.9% on October 2016.

Elsewhere, Turkey’s crude steel production for October 2017 was 3.3 Mt, up by 11.1% on October 2016.

In the Americas, the US produced 7.0 Mt of crude steel in October 2017, an increase of 12.0% compared to October 2016. Brazil’s crude steel production for October 2017 was 3.0 Mt, up by 3.9% on October 2016.

Furthermore, the crude steel capacity utilisation ratio of the 66 countries in October 2017 was 73.0%. This is 3.0 percentage points higher than October 2016. Compared to September 2017, it is 0.6 percentage points lower.