Worldwide Crude Steel Output Rises In April
- According to the World Steel Association, global production of crude steel increased 4.1 percent from April 2017 to April 2018 to 147.32 tonnes. Production coming from China rose 4.8 percent year-over-year, to 76.69 million tonnes; Indian output was up 5.6 percent; and production from the European Union rose 3.4 percent to 14.87 million tonnes. Output from North America grew 6.4 percent to 9.95 million tonnes. Complete data is available to American Metal Market subscribers.
- American Metal Market also reported last week that China’s major steel mills raised their crude steel output rates in early May. The China Iron and Steel Association reported members produced crude steel at an average rate of 1.94 million tonnes per day during the first 10 days of May, up 1.6 percent from April. These mills had 13.61 million tonnes of finished steel in their inventories on May 10, up 9.4 percent from 10 days earlier.