Global Steel Monitor to Provide New Way to Look at Steel Industry

Ten reports are currently available at www.trade.gov/steel/global-monitor.asp and another ten will be released soon said the Commerce Department. The series will be updated on a quarterly basis to reflect the latest data and market trends.

The Global Steel Trade Monitor will offer new data and functionality in two important ways according to the Commerce announcement.

1. The Monitor defines steel products consistently across countries and features graphical and data components. This will allow users to compare markets and objectively evaluate and react to market trends.
2. The reports will offer broad global steel data to inform the public about current trends in steel trade flows.

The Global Steel reports will cover production, steelmaking capacity, capacity utilization, apparent steel use, and trade. Reports will, where available, provide information about trade remedy actions taken on products.

As an example, in the current set of reports China ranks number one in production at 803.8 million metric tons, accounting for 49.5 percent of global production in 2015. The report illustrates the rankings in the graphic below.

“The Global Steel Monitor significantly enhances the scope of the Department’s monitoring and analysis of the steel sector, and confirms our commitment to provide the public with relevant trade data in this key industry,” said Assistant Secretary for Enforcement and Compliance Paul Piquado. “These new reports provide parties with an additional tool to analyze the market.”