In June, China’s share of global steel production exceeded 55 percent for the first time. In May and June, the annual rate of global steel production exceeded 1.9 billion metric tons. Capacity is calculated to be 2.4 billion metric tons and capacity utilization in June was 80.0 percent, according to the latest Steel Market Update […]
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 […]
Global steel production hit an all-time high in April and that record was smashed in May. Global steel production in April achieved a new high annual rate of 1.880 billion metric tons (Mt). Production surged in May to an annual rate of 1.953 billion Mt. Capacity is calculated to be 2.4 billion Mt and capacity […]
The CEO of ArcelorMittal says Europe has a “steel glut” because of U.S. tariffs and the EU needs to do more to limit imports. ArcelorMittal Chairman and CEO Lakshmi Mittal told a German newspaper yesterday that safeguards initiated by the EU are not successfully protecting the European steel industry. “The EU has announced safeguard measures, […]
China’s crude steel production in April exceeded an annualized rate of one billion tons for the first time as the Asian giant continues to grow its global market share, according to Steel Market Update’s analysis of the latest World Steel Association data. On March 27, the OECD Steel Committee reported: “Low growth prospects for the […]
Crude steel production worldwide increased by 6.4 percent in April, compared with April 2018, totaling 156.7 million metric tons, reported the World Steel Association in Brussels. WSA members represent about 85 percent of global steel production. China led the increase with crude steel production of 85 million tons, a jump of 12.7 percent from April […]
Global steel production in February reached an annual rate of 1.647 billion metric tons (Mt). Capacity is calculated to be 2.4 billion Mt and capacity utilization in February was 73.0 percent, according to the latest Steel Market Update analysis of World Steel Association data. In three months through February, Chinese production grew by 8.8 percent […]
Global steel production in January was at an annual rate of 1.760 billion metric tons (Mt). Capacity is calculated to be 2.4 billion Mt and capacity utilization in January was 74.0 percent, according to the latest Steel Market Update analysis of World Steel Association data. In three months through January, China grew by 7.8 percent […]
Global steel production slowed in December, but this was purely a seasonal effect. Global steel production in December was at an annual rate of 1.765 billion metric tons. Capacity is calculated to be 2.4 billion tons and capacity utilization in December was 74.0 percent, according to the latest Steel Market Update analysis of World Steel […]
Economist Alan Beaulieu, president of ITR Economics, will make another appearance as a keynote presenter for Steel Market Update’s premier event, the 2019 Steel Summit Conference, set for Aug. 26-28 at the Georgia International Convention Center in Atlanta. He will offer an insightful overview of U.S. economic trends and their implications for the steel industry. […]
Editor’s note: Steel Market Update is sharing the following Premium content with all its readers in this issue. For more information on how to upgrade to a Premium-level subscription, email info@SteelMarketUpdate.com. In three months through November year over year, China’s steel production grew 18 times faster than the rest of the world. (Not a typo!) […]
Steel production in China continues to outpace other nations. China’s steel production grew eight times faster than production in the rest of the world in the three-month period from August through October, according to the latest Steel Market Update analysis of World Steel Association data. Global steel production in October hit an annual rate of […]
China continues to outpace the rest of the world in the growth of its steel production. Global steel production in September hit an annual rate of 1.821 billion metric tons. Capacity is calculated to be 2.4 billion metric tons and capacity utilization in September was 76 percent, according to the latest Steel Market Update analysis […]
The growth of the Chinese economy has slowed, but their steel production is growing almost three times as fast as the rest of the world. Once each quarter, Steel Market Update publishes the official statistics for Chinese GDP, industrial production, consumer price inflation and fixed asset investment. Many analysts don’t believe these self-serving Party figures, […]
Global steel production in July hit an annual rate of 1.855 billion metric tons. Capacity is calculated to be 2.38 billion metric tons; therefore, capacity utilization was 78 percent, according to the latest Steel Market Update analysis of World Steel Association data. In three months through July, Chinese production grew by 10.5 percent year over […]
Global steel production in August achieved an annual rate of 1.821 billion metric tons. Capacity is calculated to be 2.4 billion metric tons; therefore, capacity utilization was 76 percent, according to the latest Steel Market Update analysis of World Steel Association data. In three months through August, China’s steel production grew by 9.0 percent year […]
China’s share of global steel production is setting a new high each month. Global steel production was down by 1.1 percent in June, but May’s production hit an all-time high and June was the second highest month ever, according to the latest Steel Market Update analysis of World Steel Association data. In three months through […]
Production increased by 1.33 percent in May and for the first time exceeded 150 million metric tons, according to the latest Steel Market Update analysis of World Steel Association data. In three months through May, China grew by 7.7 percent year over year as the rest of the world grew by 3.3 percent. In 2018, […]
Global steel production was at an all-time high in March and declined only slightly in April. Production declined by 0.07 percent in April month over month and grew by 4.0 percent in three months through April year over year, according to the latest Steel Market Update analysis of World Steel Association data. China grew by […]
Global steel demand will reach 1,616.1 million tons in 2018, an increase of 1.8 percent over 2017, estimates the World Steel Association in its spring Short Range Outlook. In 2019, WSA forecasts global demand will grow by 0.7 percent to 1,626.7 million tons. “In the next couple of years, the global economic situation is expected […]
Global steel production grew by 3.8 percent in the three months through February. Excluding China, the pace of growth for world steel production was 3.2 percent, according to the latest Steel Market Update analysis of World Steel Association data. In 2017, total global steel production hit 1.687 billion metric tons, up by 5.2 percent from […]
Global steel production grew by 2.7 percent in the three months through January, though the pace of growth continued to be slowed by pollution control restrictions in China. Excluding China, the pace of growth for world steel production was 4.8 percent, according to the latest Steel Market Update analysis of World Steel Association data. On […]
Global steel production grew significantly in 2017, though the pace of growth slowed somewhat in December due to pollution control cutbacks in China, according to the latest Steel Market Update analysis of World Steel Association data. “Global growth has been accelerating since mid-2016, and all signs point to a further strengthening both this year and […]
Global steel production grew by 4.6 percent in the three months through November year over year with negative momentum, according to Steel Market Update’s analysis of World Steel Association data. The reduced growth rate was driven by pollution control cutbacks in China. Production in the month of November totaled 136,280,000 metric tons, down from 144,972,000 […]
Driven primarily by construction in the developing world, growth in global steel production continues to surge, according to Steel Market Update’s latest analysis of World Steel Association data. Steel production in the month of October was 145,254,000 metric tons, up from 141,576,000 in September. Capacity utilization decreased from 73.5 percent to 72.9 percent. Production was […]
The growth in global steel production is surging, driven by construction in the developing world, according to Steel Market Update’s analysis of World Steel Association data. WSA’s October 2017 short-range outlook, while painting a generally improved picture over the April update, is no big surprise. Global steel recovery has picked up further, and there are […]
China’s economy continues to show robust growth, and in August recorded its highest-ever share of total global steel production. Once each quarter, we publish the official statistics for Chinese GDP, industrial production, consumer price inflation and fixed asset investment. Currently available data is through the third quarter. Many analysts don’t believe these self-serving Party figures, […]
Growth in Chinese steel production continues to outpace the world, according to a Steel Market Update analysis of World Steel Association data. Production in the month of August was 143,580,000 metric tons, down slightly from 143,729,000 metric tons in July. Capacity utilization was unchanged at 71.7 percent. The three-month moving averages (3MMA) that we prefer […]
In June and July, China registered its highest share of global steel production ever, according to World Steel Association data with analysis by Steel Market Update. Global crude steel production in the month of July totaled 143,245,000 metric tons, up from 141,331,000 metric tons in June. Capacity utilization was 71.7 percent, down from 73.0 percent […]
The following article on the hot rolled coil (HRC) steel and financial futures markets was written by Troy Rossi of Crunch Risk LLC. Here is how Troy saw trading over the past week: Steel This week, HR futures markets continued to see price consolidation along the curve as HR futures prices have found some support […]