Steel Products Prices North America
Worldsteel: Global Crude Steel Production Up 5.4 Percent in May
Written by Tim Triplett
June 29, 2019
The World Steel Association reports that total global crude steel production in May increased to 162.7 million metric tons (179.3 million short tons), an increase of 5.4 percent over May 2018.
Leading the way was China with a 10 percent increase to 89.1 million metric tons (98.2 million short tons). Chinese production exceeded an annual rate of one billion metric tons for the first time. China’s share of global steel production hit a record 54.7 percent, according to Steel Market Update calculations.
May production in the U.S. increased by 5.4 percent to 7.7 million metric tons (8.5 million short tons) versus last year.
Following is the May production by other notable steelmaking nations, in short tons: India, up 5.1 percent to 10.1 million tons; South Korea, up 2.2 percent to 7.1 million tons; Italy, up 1.1 percent to 2.4 million ton; Ukraine, up 7.8 percent to 2.0 million tons; and Brazil, up 2.9 percent to 3.1 million tons.
May crude steel production declined by single-digit percentages in Turkey, Japan, France and Spain.
Members of the Brussels-based World Steel Association represent about 85 percent of global steel production.
Tim Triplett
Read more from Tim TriplettLatest in Steel Products Prices North America
SMU Price Ranges: HR holds, galv slips amid competing market narratives
SMU’s sheet and plate prices see-sawed this week as hot-rolled (HR) coil prices held their ground while prices for galvanized product slipped.
Nucor carries $875/ton HR list price into week seven
Nucor is keeping hot-rolled (HR) coil prices unchanged again this week, according to its latest consumer spot price (CSP) notice issued on Monday, Oct. 6
SMU Price Ranges: A newsy week sees modest price gains despite a quiet spot market
Market participants predicted that prices should be at or near a bottom. But while most seemed to agree on that point, many also said they saw little upside given a quiet spot market and ongoing concerns about demand.
Nucor increases plate prices by $60/ton
Nucor aims to increase prices for steel plate by $60 per short ton with the opening of its November order book.
Nucor’s $875/ton HR spot price spills into week six
Nucor is keeping hot-rolled (HR) coil prices unchanged again this week, according to its latest consumer spot price (CSP) notice issued on Monday, Sept. 29.