Global Crude Steel production edge up to 128 Mt in February

Published: Mar 23, 2015 08:59

Save

Global crude steel production edged up by 0.6% year-on-year to 128 million tons (Mt) during February, while the capacity utilization ratio during the month was 73.4%.

UNITED KINGDOM March 21 2015 8:19 PMTweet
BRUSSELS (Scrap Register): Global crude steel production edged up by 0.6% year-on-year to 128 million tons (Mt) during February, while the capacity utilization ratio during the month was 73.4%, as per the latest figures from World Steel Association (worldsteel).

Global crude steel capacity utilization ratio is 1.7 percentage points lower than February 2014. Compared to January 2015, it is 3.8 percentage points higher.

According to worldsteel, China’s crude steel production for February 2015 was estimated at 65.0 Mt. The total production for January and February 2015 in China has been confirmed at 130.5 Mt. Elsewhere in Asia, Japan produced 8.4 Mt of crude steel in February 2015, a decrease of -0.2% compared to February 2014. South Korea’s crude steel production was 5.1 Mt, down by -4.4% on February 2014.

In the EU, Germany produced 3.5 Mt of crude steel in February 2015, a decrease of -1.6% compared to February 2014. Italy produced 2.0 Mt of crude steel, down by -9.7% on February 2014. France’s crude steel production was 1.3 Mt, a decrease of -1.6% compared to February 2014. Spain produced 1.1 Mt of crude steel, down by -4.4% compared to February 2014.

Turkey’s crude steel production for February 2015 was 2.4 Mt, down by -12.2% on February 2014.

In February 2015, Russia produced 5.7 Mt of crude steel, up by 5.6% over February 2014. Ukraine produced 1.6 Mt of crude steel, down by -33.2% compared to the same month 2014.

The US produced 6.3 Mt of crude steel in February 2015, a decrease of -7.9% compared to February 2014.

Brazil’s crude steel production for February 2015 was 2.7 Mt, up by 2.3% on February 2014.

The crude steel capacity utilisation ratio for the 65 countries in February 2015 was 73.4%. It is -1.7 percentage points lower than February 2014. Compared to January 2015, it is 3.8 percentage points higher.

global crude steel production

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

23 hours ago

Fed Governor Milan Pushes for Over 100 Basis Points Cut, Contradicts Barkin on Caution

Federal Reserve Governor Milan pointed out that it is necessary for the US Fed to cut interest rates by more than 100 basis points this year. At the same time, he is very much looking forward to the performance of Kevin Warsh as Fed Chairman. However, Richmond Fed President Barkin emphasized that monetary policy must remain cautious until inflation fully pulls back to the target level, thereby ensuring the stability of the labour market.

23 hours ago

Democratic Senators Demand Delay in Fed Nomination Amid Criminal Investigation

All 11 Democratic members of the US Senate Banking Committee jointly sent a letter to the committee's chairman, Tim Scott, requesting that all nomination processes for the prospective Fed Chairman, Kevin Warsh, be postponed until the criminal investigation into current Fed Chairman Powell and other board members is concluded. However, Scott stated that Warsh's confirmation was a done deal.

23 hours ago

Fed to Keep Large Banks' Capital Levels Unchanged, Postpones Stress Test Reforms Until 2027

The US Fed has announced that it will maintain the capital levels of large banks unchanged during the upcoming stress test cycle (corresponding to the 2026 cycle). At the same time, the US Fed is planning multidimensional reforms to this annual test, aiming to enhance its transparency. The US Fed's Vice Chair for Supervision, Bowman, revealed that adjustments to the stress capital buffer requirements for large banks will be postponed until 2027. This move is intended to provide the US Fed with sufficient time to evaluate potential flaws that may be exposed in its testing models when assessing banks' financial conditions under simulated economic downturn scenarios.

23 hours ago