Monday, December 20, 2010

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

 

Brussels, 20 December 2010 - World crude steel production for the 66 countries reporting to the World Steel Association (worldsteel) was 114 million metric tons (mmt) in November. This is 5.1% higher than November 2009. World crude steel production for the first 11 months of 2010 was 1,281 mmt, 16.2% higher compared to the same period in 2009.

 

China’s crude steel production for November 2010 was 50.2 mmt, an increase of 4.8% compared to November 2009.

 

Elsewhere in Asia, Japan produced 9.0 mmt of crude steel in November 2010, 1.4% higher than November 2009. South Korea’s crude steel production for November 2010 was 5.2 mmt, 16.4% up compared to the same month last year.

In the EU, Germany’s crude steel production for November 2010 was 3.8 mmt, an increase of 8.0% on November 2009. Italy produced 2.3 mmt, 19.3% more than the same month in 2009. Spain produced 1.2 mmt, a -19.8% decrease compared to November 2009.

 

Turkey produced 2.5 mmt of crude steel in November 2010, an increase of 15.7% compared to November 2009.

 

The US produced 6.5 mmt of crude steel in November 2010, 13.0% higher than November 2009.

 

Brazil produced 2.6 mmt of crude steel in November 2010, a -2.8% decrease over the same month last year.

 

World crude steel production in November 2010 was 31.9% higher than in November 2008 when the impact of the global economic crisis on world crude steel production became apparent. Crude steel production for the first 11 months of 2010 was 1,281 mmt, 4.6% higher than in 2008. However, crude steel production in the EU and North America for the first 11 months of 2010 was still -15.3% and -14.1% (respectively) less compared to the same period in 2008, while Asia’s crude steel production was 16.4% higher.

The crude steel capacity utilisation ratio of the 66 countries in November 2010 remained stable at 75.2% compared to 75.3% in October 2010. Compared to November 2009, the utilisation ratio in November 2010 slipped by 0.8 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 170 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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