Middle East crude steel output surged over 7% in Feb '15

Author: Paul Ploumis
25 Mar 2015 Last updated at 01:49:53 GMT
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 increased by 7.2% during the month of February year-on-year.

The total crude steel production by Iran during February was 1.409 Million tonnes, increasing by 11.8% in comparison with the February 2014 production of 1.260 Million tonnes. Qatar produced 209,000 tonnes of crude steel, marginally lower by 0.9% when compared to 211,000 tonnes production achieved during February 2014. Meantime, Saudi Arabia’s crude steel output surged over the year to 509,000 tonnes during February this year. The total crude steel production by the UAE during February was 216,000 tonnes, down by 4.3% in comparison with the February 2014 production of 226,000 tonnes.

The cumulative crude steel output by the Middle East region during the initial two months of current year totaled 4.667 Million tonnes, 10.3% higher when compared with the output of 4.232 Million tonnes during the corresponding two-month period in 2014.

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

  (Note: Output in thousands of tonnes)