Global Production of Crude Steel Increases 4% in March 2018
For the first quarter of 2018, world crude steel production was 426.6 Mt, an increase of 4.1% over the same period in 2017.
World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 148.3 Mt in March 2018, a 4% increase compared to March 2017. Specific production levels included:
- China—74 Mt, up 4.5% compared to March 2017
- India—9.2 Mt, up 5.3%
- Japan—9.1 Mt, 2.2%
- South Korea—6.1 Mt, up 4.7%
- Italy—2.3 Mt, up 1%
- France—1.4 Mt, up 1.5%
- Spain—1.3 Mt, down 4.1%
- Turkey—3.4 Mt, up 7.6%
- U.S. —7.3 Mt, up 5.3%
- Brazil—3.1 Mt, up 7.6%
The crude steel capacity utilization ratio of the 64 countries in March 2018 was 74.5%, 2.2 percentage points higher than March 2017. Compared to February 2018, it is 0.9 percentage points higher.
For the first quarter of 2018, world crude steel production was 426.6 Mt, an increase of 4.1% over the same period in 2017. Asia produced 294.1 Mt of crude steel for the quarter, up by 4.6% over the 2017 first quarter. In the EU, crude steel production stayed relatively flat, increasing by 0.9% compared to the first quarter of 2017. North America’s crude steel production in the first three months of 2018 was 29.5 Mt, an increase of 1.9% compared to the 2017 quarter.
For more information, visit www.worldsteel.org.