Global Crude Steel Production In May 2018 Surges By 6.6pct YoY

- Jun 26, 2018-

World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 154.9 million tonnes in May 2018, a 6.6% increase compared to May 2017. While Chinese steelmills, to maximize their margins with current elevated prices, pumped 81.127 million tonnes crude steel in May 2018 up by 8.9% YoY, crude steel production in Japan, buoyed by strong domestic demand, also recovered in May 2018 to 9.093 million tonnes displacing India, which produced 8.822 million tonnes, to retake second spot. 

Regionwise Details

RegionMay'17May'18YoYJan-May'17Jan-May'18YoY
Total 64 countries145 237154 8566.6%696 184727 9794.6%
Asia101 047108 8147.7%480 093504 1215.0%
European Union (28)14 71414 9791.8%71 78573 0691.8%
North America9 69110 1074.3%47 98549 4653.1%
C.I.S. (6)8 2219 0359.9%41 26042 4032.8%
South America3 7343 522-5.7%17 82418 3533.0%
Other Europe3 5693 6141.3%16 46017 2975.1%
Middle East2 6002 99515.2%12 83114 62514.0%
Africa1 1681 2164.1%5 5745 9556.8%
Oceania49257416.5%2 3722 69113.4%


In ‘000 tonnes
Source – worldsteel

Top 25 Countries

RankCountryMay'17May'18YoYJan-May'17Jan-May'18YoY
1China74 49181 1278.9%347 714368 6226.0%
2Japan8 9299 0931.8%43 91444 2170.7%
3India8 1998 8227.6%42 15544 1234.7%
4United States6 9017 1073.0%33 88434 8462.8%
5Russia5 8776 2306.0%29 45230 0272.0%
6South Korea6 0466 2273.0%28 86429 9403.7%
7Germany3 8013 9002.6%18 61818 6850.4%
8Turkey3 3083 3250.5%15 19315 8504.3%
9Brazil2 9312 678-8.6%14 06914 2721.4%
10Italy2 1022 1803.7%10 26610 6633.9%
11Iran1 7932 01512.4%8 16210 14224.3%
12Mexico1 7411 8003.4%8 3478 7464.8%
13Ukraine1 6471 6952.9%8 6448 6800.4%
14Taiwan, China2 0041 715-14.4%9 6928 481-12.5%
15France1 4251 333-6.5%6 5926 7091.8%
16Spain1 2491 3377.0%6 1316 2481.9%
17Canada1 0011 14514.3%5 5125 6202.0%
18Vietnam (2)7551 03036.4%3 9694 72219.0%
19Poland881855-3.0%4 2744 3571.9%
20Belgium705685-2.8%3 3403 3650.8%
21Austria715709-0.8%3 4293 348-2.4%
22United Kingdom617582-5.7%3 2353 204-1.0%
23Egypt5756268.8%2 7613 15714.4%
24Netherlands6166241.4%2 8382 9503.9%
25South Africa5545682.6%2 6202 6501.1%


In ‘000 tonnes
Source – worldsteel

The crude steel capacity utilisation ratio of the 64 countries in May 2018 was 77.7%. This is 4.2 percentage points higher than May 2017. Compared to April 2018, it is 1.0 percentage point higher.


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