worldsteel: Slight decrease in world crude steel production in January

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Source: worldsteel

Brussels — World crude steel production for the 65 countries reporting to the World Steel Association (worldsteel) was 130 million tonnes (Mt) in January 2014, a decrease of -0.4 per cent compared to January 2013. In the EU, Germany produced 3.7 Mt of crude steel in January 2014, an increase of 2.2 per cent compared to January 2013. Italy produced 2.2 Mt of crude steel, up by 27.8 per cent compared to January 2013. Spain`s crude steel production was 1.1 Mt, an increase of 11.1 per cent on January 2013. The UK produced 1.1 Mt of crude steel, up by 31.5 per cent compared to January 2013.

China`s crude steel production for January 2014 was 61.6 Mt, down by -3.2 per cent compared to January 2013. Elsewhere in Asia, Japan produced 9.4 Mt of crude steel in January 2014, an increase of 6.1 per cent over January 2013. South Korea`s crude steel production was 6.0 Mt in January 2014, up by 1.9 per cent on January 2013.

Turkey`s crude steel production for January 2014 was 2.8 Mt, down by -0.9 per cent on January 2013. At the same time Russia produced 5.9 Mt of crude steel, an increase of 4.1 per cent compared to the same month 2013. Ukraine`s production was 2.5 Mt in January 2014, down by -13.5 per cent on January 2013. The US produced 7.3 Mt of crude steel in January 2014, down by -0.5 per cent on January 2013. Brazil`s crude steel production for January 2014 was 2.7 Mt, a decrease of -1.4 per cent compared to January 2013.

The crude steel capacity utilisation ratio for the 65 countries in January 2014 was 74.4 per cent and it is 2.5 percentage points lower compared to January 2013. It is 0.2 percentage points higher than December 2013.

Source: World Steel Association (worldsteel)