Home / Metal News / Tin / MEPS expects global Steel production to decline this year
MEPS expects global Steel production to decline this year
Aug 18,2015 10:07CST
industry news
Source:SMM
MEPS International believes that worldwide crude steel output will be reported at 1.65 billion tons, this year.

UNITED STATES August 17 2015 6:34 PM

LONDON (Scrap Register): MEPS International believes that worldwide crude steel output will be reported at 1.65 billion tons, this year. This equates to a decrease of 1 percent, compared with 2014. 

It is the first fall since 2009 - in the wake of the financial crash. Production gains in India and the European Union are likely to be outweighed by reductions in China, Japan, Ukraine and the United States.

Blast furnace iron making is forecast at 1175 million tons in 2015 - down 0.5 percent on the year earlier figure. Direct reduced iron production is also expected to slip marginally in the current twelve month period.


global steel output
steel output
MEPS International
MEPS

For queries, please contact Frank LIU at liuxiaolei@smm.cn

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

Related news