Global Crude Steel Production Rises 5.8% Year-Over-Year in June

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Pavel Ignatov/Adobe Stock

World crude steel production in June jumped 5.8% compared with June 2017, according to a recent World Steel Association report.

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Production among the 64 countries reporting to the association amounted to 151.4 million tons (MT) in June. For the first six months of the year, global production (881.5 MT) was up 4.6% compared with the same period in 2017.

By country, production was up across the board.

China’s crude steel production in June 2018 jumped 7.5%, up to 80.2 MT. Meanwhile, Japan produced 8.8 MT of crude steel in June 2018, marking a 4.2% spike. India saw a 7.4% increase to 8.7 MT of crude steel in June 2018, an increase of 7.4%. South Korea’s crude steel production jumped 3.2% to 6.1 MT.

In the E.U., Italy produced 2.1 Mt of crude steel, up by 1.5%. France, however, saw a decline, producing 1.3 MT of crude steel, marking a decline of 4.4% compared with May production.

The U.S. produced 6.8 MT, up 0.8% compared to June 2017.

Meanwhile, through the first six months of the year, production in Asia was up 5.2% compared with the same period in 2017. The E.U. was up 1.6%, while North America posted a 2.4% jump. In addition, the Commonwealth of Independent States (CIS) saw a 2.8% increase.

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Global capacity utilization has continued its steady climb from 69.4% in December 2017 to 78.5% as of June 2018.

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