Global crude steel output recorded modest gain in July

By Carolina Curiel (ScrapMonster Author)

August 23, 2016 03:33:11 AM

BRUSSELS (Scrap Monster): According to the most recent statistics published by the World Steel Association, the crude steel production by 66 member countries was 133.742 million tonnes (Mt) in July this year, marginally higher upon comparison with production of 131.945 Mt during same month a year before. The region wise output details are provided below.

South America

The crude steel production by South American countries dropped significantly during the month of July this year. The total monthly output tumbled by 9.7% to 3.444 Million tonnes.

The total crude steel production by Argentina during July was 356,000 tonnes, down considerably by 17.4% in comparison with the July 2015 production of 431,000 tonnes. Brazil produced 2.705 Million tonnes of crude steel, down considerably by 6.0% when compared with 2.877 Million tonnes production achieved during July last year. The Chilean July crude steel production surged higher by nearly 5.5% to 100,000 tonnes in July this year. The total crude steel production by Colombia was down marginally by 1.7% to 110,000 tonnes in July this year.

Ecuador’s crude steel output dropped significantly by 18.6% on year-on-year basis. The crude steel output by Ecuador was 50,000 tonnes in July this year, down when compared with 61,000 tonnes during July last year.  Paraguay’s crude steel output decreased sharply by 28.9% during the month.

The crude steel output by Peru recorded marginal rise of 9.1% year-on-year. The crude steel output of Uruguay witnessed sharp decline of 42.3% when compared with the year before levels. Venezuelan production dropped considerably by 88.9% year-on-year from 135,000 tonnes to 15,000 tonnes.

North America

The crude steel production by North American countries dropped marginally by 0.4% during the month of July year-on-year. The production totaled 9.722 Mt in July this year.

The total crude steel production by Canada during July this year was 1.135 Mt, slightly up by 3.5% when compared with the July 2015 production. The US produced 6.877 Million tonnes of crude steel, slightly lower by 2.2% when compared with 7.032 Million tonnes production achieved during July 2015. The total crude steel production by Mexico edged higher by 8.8% from 1.517 Mt in July ‘15 to 1.650 Mt in July this year.

The Cuban crude steel production decreased sharply by 16.1% year-on-year to 20,000 tonnes. The crude steel output by El Salvador was estimated at 10,000 tonnes in July this year, more or less flat when compared with July last year. Guatemala produced 30,000 tonnes in July. The crude steel output by Trinidad & Tobago nosedived to zero in July this year from 51,000 tonnes during same month the previous year.

Asia

The crude steel production by Asia rose by 2.8% during the month of July 2016 year-on-year.

The total crude steel production by China during July was 66.807 Million tonnes, rising marginally by 2.6% when compared with the production of 65.117 Mt during July 2015. India produced 8.082 Million tonnes of crude steel, modestly higher by 8.1% when compared with 7.477 Million tonnes production achieved during July last year.

Japan reported 0.5% jump in monthly crude steel output during the month. Japan's crude steel output climbed higher from 8.842 Million tonnes in July 2015 to 8.886 Million tonnes in the same month this year.

South Korean crude steel production ended marginally higher by 1.5% from 5.919 Million tonnes in July 2015 to 6.009 Million tonnes in July this year. Meantime, Pakistan’s crude steel output totaled 210,000 tonnes during the month.

The Taiwanese Apr ‘16 crude steel output has increased by 4.0% year-on-year to 1.890 Million tonnes from 1.817 Million tonnes during same month last year. Also, Thailand’s crude steel output increased by 13.3% from 318,000 tonnes during July last year to almost 360,000 tonnes this year.

Africa

The crude steel production by the African region tumbled by 12.6% during the month of July year-on-year.

Egypt produced 340,000 tonnes of crude steel, considerably lower by 20.1% when compared to 426,000 tonnes production achieved during July 2015. Libya’s crude steel output surged to 30,000 tonnes during the month of July this year, when matched with 21,000 tonnes produced during the same month a year before. Morocco’s output increased by 13% to 45,000 tonnes, when compared to 40,000 tonnes production achieved during July 2015. South Africa’s crude steel output dropped by 11.0% to 521,000 tonnes during the month when matched with the production figures of 585,000 tonnes during the same month a year before.

Other regions

The crude steel production by the Middle East region declined by 1.4% during the month of July ’16 year-on-year. EU-28 region recorded 4.6% decline in crude steel output during July this year. The output by the Commonwealth of Independent States (CIS) recorded marginal uptick of 2.8% during the month. Also, Oceania region recorded 3.5% jump in output.

Jan-July ’16 cumulative output

The following table provides cumulative crude steel output for the initial seven-month period of 2016 in comparison with those during same period in 2015.

Note: The above outputs are in thousands of tonnes.