Wednesday, March 24, 2010

February 2010 crude steel production for the 66 countries reporting to worldsteel

 

Brussels, 22 March 2010 - World crude steel production for the 66 countries reporting to the World Steel Association (worldsteel) was 108 million metric tons (mmt) in February. This is 24.2% higher than February 2009.

 

Compared to the same month in 2009, February 2010 crude steel production showed a continued increase in all the major–steel producing countries.

 

China’s crude steel production for February 2010 was 50.4 mmt, an increase of 22.5% on February 2009. Japan produced 8.4 mmt of crude steel in February 2010, up 54% compared to the same month last year. South Korea showed an increase of 25% from February 2009, producing 3.9 mmt of crude steel in February 2010.

 

In the EU, Germany’s crude steel production for February 2010 was 3.4 mmt, an increase of 34.3% compared to February 2009. Italy produced 2.2 mmt, 28.5% higher than the same month in 2009. Spain produced 1.3 mmt of crude steel in February 2010, an increase of 35.8% on February 2009. France’s crude steel production was 1.1 mmt, up 10% compared to the same month last year.

 

 

Turkey produced 1.8 mmt of crude steel in February 2010, a 1.6% increase over the same month in 2009.

 

The US produced 6.0 mmt of crude steel in February 2010, an increase of 51.3% compared to February 2009.

 

Brazilian crude steel production was 2.4 mmt, 47.9% higher than February 2009.

 

Iran produced 1.0 mmt of crude steel in February 2010, an increase of 3.3% on February 2009. Egypt’s crude steel production for February 2010 was 0.4 mmt, 10.6% higher than the same month last year.

 

Australia produced 0.5 mmt of crude steel in February 2010, recording a 89.6% increase over the same month in 2009.

 

The world crude steel capacity utilisation ratio for the 66 countries in February 2010 was 79.8%, a 15-month high since September 2008. Compared to February 2009, the utilisation ratio in February 2010 increased by 12.0 percentage points.

 

 

# Ends #

 

Notes to Editors:

 

• The monthly crude steel capacity utilisation ratio is calculated based on crude steel production and capacity information available at worldsteel. The capacity information is based on publicly-available data, updated twice a year and verified through worldsteel’s membership.

• The World Steel Association (worldsteel) is one of the largest and most dynamic industry associations in the world. worldsteel represents approximately 180 steel producers (including 19 of the world's 20 largest steel companies), national and regional steel industry associations, and steel research institutes. worldsteel members produce around 85% of the world's steel.

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