Middle East crude steel output dropped 15% in November

By Carolina Curiel (ScrapMonster Author)

December 30, 2015 01:04:21 AM

ABU DHABI (Scrap Monster): According to most recent data published by the World Steel Association (World Steel), the crude steel production by the Middle East region dropped sharply by 14.7% during the month of November ’15 year-on-year. The region’s crude steel output totaled 2.267 Million tonnes during November this year, as compared with 2.490 Million tonnes during the same month a year before.

The total crude steel production by Iran during November was 1.280 Million tonnes, considerably down by 12.2% in comparison with the November 2014 production of 1.459 Million tonnes. Qatar produced 192,000 tonnes of crude steel, sharply lower by 20.7% when compared to 242,000 tonnes production achieved during November 2014. Meantime, Saudi Arabia’s crude steel output dropped sharply over the previous year to 390,000 tonnes during November this year. The total crude steel production by the UAE during November was 250,000 tonnes, modestly higher by 5.7% in comparison with the November 2014 production of 237,000 tonnes.

The cumulative crude steel output by the Middle East region during the initial eleven months of current year totaled 25.232 Million tonnes, marginally lower by 1.7% when compared with the output of 25.666 Million tonnes during the corresponding eleven-month period in 2014.

The following table provides cumulative crude steel output for the first eleven months in 2015 in comparison with those during same period in 2014.

(Note: Output in thousands of tonnes)