By Paul Ploumis (ScrapMonster Author)
March 21, 2016 11:52:56 PM
ALBANY (Scrap Monster): According to the recent data published by the World Steel Association, the crude steel production by North American countries rebounded slightly 1.7% during the month of February year-on-year. The production totaled 8.809 Mt in February this year as against 8.660 Mt recorded in Feb ‘15.
The total crude steel production by Canada during February this year was 1.065 Mt, rising significantly by 17.3% when compared with the February 2015 production. The US produced 6.366 Million tonnes of crude steel, slightly higher by 2.9% when compared to 6.186 Million tonnes production achieved during February 2015. The total crude steel production by Mexico edged lower by over 10% from 1.483 Mt in February ‘15 to 1.330 Mt in February this year.
The Cuban crude steel production increased sharply by 19.5% year-on-year to 15,000 tonnes. The crude steel output by El Salvador was estimated at 8,000 tonnes in February this year, remaining flat when compared with February last year. Guatemala produced 25,000 tonnes in February, slightly lower by 6.6% when matched with the production during the same month a year before. The crude steel output by Trinidad & Tobago nosedived to zero in February this year from 36,000 tonnes during same month the previous year.
The following table provides cumulative crude steel output for the first two months in 2016 in comparison with those during same period in 2014.
Note: Output in thousands of tonnes