World crude steel production in March showed a -2.7 percent decrease y-t-y

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Source: worldsteel

Brussels — World crude steel production for the 65 countries reporting to the World Steel Association (worldsteel) was 138 million tonnes (Mt) in March 2015, a -2.7 percent decrease compared to March 2014.

In the first three months of 2015, Asia produced 272.0 Mt of crude steel, a decrease of -1.1 percent over the first quarter of 2014. The EU produced 43.7 Mt of crude steel in the first quarter of 2015, slightly down by -0.6 percent compared to the same quarter of 2014. North America`s crude steel production in the first three months of 2015 was 28.1 Mt, a decrease of -6.4 percent compared to the first quarter of 2014. The C.I.S. produced 24.8 Mt of crude steel in the first three months of 2015, a decrease of -5.9 percent over the same months of 2014.

China`s crude steel production for March 2015 was 69.5 Mt, a -1.2 percent decrease compared to March 2014. Elsewhere in Asia, Japan produced 9.3 Mt of crude steel in March 2015, a decrease of -4.5 percent compared to March 2014.

In the EU, Germany produced 3.9 Mt of crude steel in March 2015, a decrease of -4.4 percent compared to March 2014. Italy produced 2.1 Mt of crude steel, down by -9.8 percent on March 2014. France`s crude steel production was 1.4 Mt, an increase of 3.0 percent compared to March 2014.

Turkey`s crude steel production for March 2015 was 2.8 Mt, down by -4.1 percent on March 2014. The US produced 6.6 Mt of crude steel in March 2015, a decrease of -12.7 percent compared to March 2014. Brazil`s crude steel production for March 2015 was 2.8 Mt, down by -7.4 percent on March 2014.

The crude steel capacity utilisation ratio for the 65 countries in March 2015 was 71.6 percent. It is -4 percentage points lower than March 2014. Compared to February 2015, it is -1.8 percentage points lower.

Source: World Steel Association (worldsteel)