Pavel Ignatov/Adobe Stock
According to a World Steel Association report this week, global crude steel production in February was up 3.5% compared with February 2017.
The 64 countries reporting to the World Steel Association produced 131.8 million tons in February, according to the report.
China’s crude steel production in February was 64.9 million tons (an estimate from the China Iron and Steel Association), good for an increase of 5.9% compared to February 2017.
Elsewhere in Asia, India produced 8.4 million tons, up 3.4% year over year.
Japan and South Korea, meanwhile, posted year-over-year production drops.
Japan produced 8.3 million tons of crude steel, down 0.5% year over. South Korea’s decline was even more steep, with its 5.4 million tons marking a 2.1% drop year over year.
- Italy, 2.1 million tons, up 4.5%
- France, 1.3 million tons, up 1.0%
- Spain, 1.1 million tons, up 0.4%
- Turkey, 3.0 million tons, up 8.7%
- Brazil, 2.7 million tons, up 5.5%
As for global capacity utilization, the February rate hit 73.3%, up 1.8% from February 2017.