World Crude Steel output up 6.6% in May on higher China, India productions

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Brussels :  World’s Steel output witness 6.6% growth to 154.9 million tonnes in May 2018, backed by higher output growth in China and India. Global steel output in May 2017 was 143.3 million tonne.

While China’s Crude Steel output up 8.9% to 81.1 million tonne,  India’s Steel output increased by 7.6%  in the month to 8.8 Million tonnes.

Japan produced 9.1 Mt of crude steel in May 2018, up 1.8% on May 2017. South Korea’s crude steel production was 6.2 Mt in May 2018, an increase of 3.0% on May 2017.

In the EU, Italy produced 2.2 Mt of crude steel, up by 3.7% on May 2017. Spain produced 1.3 Mt of crude steel, up by 7.0% on May 2017. France produced 1.3 Mt of crude steel, a decrease of 6.5% compared to May 2017.

Turkey’s crude steel production for May 2018 was 3.3 Mt, up by 0.5% on May 2017. Crude steel production in Ukraine was 1.7 Mt this month, up 2.9% on May 2017. The US produced 7.1 Mt of crude steel in May 2018, an increase of 3.0% compared to May 2017. Brazil’s crude steel production for May 2018 was 2.7 Mt, down by 8.6% on May 2017. The crude steel capacity utilisation ratio of the 64 countries in May 2018 was 77.7%. This is 4.2 percentage points higher than May 2017. Compared to April 2018, it is 1.0 percentage point higher.

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