India Steel Market Watch
November 23: World crude steel production for the 66 countries reporting to the World Steel Association (worldsteel) was 134 million tons (mt) in October 2015, a 3.1% decrease compared to October 2014.
China’s crude steel production for October 2015 was 66.1 mt, down by 3.1% compared to October 2014. Japan produced 9 mt of crude steel in October 2015, a decrease of 3.8% compared to the same month in 2014.
In the EU, Germany produced 3.6 mt of crude steel in October 2015, an increase of 2.7% compared to October 2014. Italy’s crude steel production was 1.9 mt, down by 8.6% in October 2014. Spain produced 1.3 mt of crude steel in October 2015, down by 3.1% compared to October 2014. France’s production for October 2015 was 1.2 mt, a decrease of 20.9% compared to the same month in 2014.
Turkey’s crude steel production for October 2015 was 2.8 mt, up 2% in October 2014.
In October 2015, Russia produced 5.7 mt of crude steel, down by 2.4% over October 2014. Ukraine produced 2.1 mt of crude steel, up by 6.4% compared to the same month in 2014.
The US produced 6.7 mt of crude steel in October 2015, down by 8.8% compared to October 2014.
Brazil’s crude steel production for October 2015 was 3 mt, a decrease of 2.3% in October 2014.
The crude steel capacity utilisation ratio for the 66 countries in October 2015 was 68.3%. This is 3.4 percentage points lower than October 2014. Compared to September 2015, it is 1.0 percentage point lower.