Global crude steel production rises to 141 mn tons in May

RUSSIA June 21 2014 8:56 AM

BRUSSELS (Scrap Register): Global crude steel production advanced by 2.2% year-on-year to 141 million tons (Mt) in May this year, said World Steel Association (worldsteel).

In May 2014, Russia produced 6.1 Mt of crude steel, an increase of 0.6% compared to the same month 2013. Ukraine’s production was 2.8 Mt in May 2014, up by 2.2% on May 2013. The US produced 7.5 Mt of crude steel in May 2014, an increase of 1.4% compared to May 2013.

Brazil’s crude steel production for May 2014 was 2.9 Mt, down by -4.3% on May 2013.

The crude steel capacity utilisation ratio for the 65 countries in May 2014 was 78.5% and it is 0.7 percentage points lower than May 2013. Compared to April 2014, it is 0.2 percentage points lower.