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Friday, August 29, 2014

June 2013 Crude Steel Production Dips in June, Still Higher Than 2012

Global raw steel production dipped in June, after a slight uptick in May, as demand for crude steel declined.

Global crude steel production dipped slightly in June. Credit: World Steel Association.

June numbers released by the World Steel Association showed crude steel production fell 3.4 percent, or 4,650 million metric tons, from 136,302 million metric tons in May to 131,652 million metric tons. Despite this dip, June numbers were still 1.9 percent above the shipped tonnage of June 2012.

China produced the greatest share of crude steel in June 2013, with 64.7 million metric tons, up 4.6 percent from June 2012. Japan produced 9.3 million metric tons and South Korea produced 5.5 million metric tons. The U.S. produced 7.2 million metric tons of crude steel in 2013. Germany produced 3.7 million metric tons, Turkey produced 3.0 million metric tons, Russia produced 5.7 million metric tons, and Brazil produced 2.8 million metric tons.

In another fall, steel usage dropped 0.4 percent from 79.6 percent in May to 79.2 percent. The June 2013 worldwide raw steel capacity utilization figure is also 1.5 percent lower than the same period in 2012.

Brian Lane

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