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World steel output rose in October, despite China pullback

Source: Engineering News Date: 19 November 2010

Crude steel production for the 66 countries reporting to the World Steel Association rose 2,4% in October to 118-million tons when compared with the same month in 2009. However, Chinese output fell by 3,8% year-on-year to 50,3-million tons.

South African production was estimated to have risen by 4,3% in October 2010, to 730 000 t, as compared with 700 000 t in the same month of 2009. African production, meanwhile, grew by 17,3% period-on-period to 1,48-million tons.

Crude steel production for the first ten months of 2010 was 1 165-million tons, 2,4% higher than in 2008 and 17,5% higher than the same period last year.

The capacity utilisation ratio in the 66 countries continued to rebound to 75,4% from 74,8% in September 2010. But compared with October 2009, the utilisation ratio in October 2010 decreased by 2,7 percentage points.

Besides China, production elsewhere in Asia rose. Japan produced 9,5-million tons, or 8% more than it did in October 2009, while South Korea’s crude steel production rose 11,4% to 5,2-million tons.

The US produced 6,6-million tons of crude steel in October 2010, an increase of 9,6% compared with October 2009.

In the European Union, meanwhile, Germany’s crude steel production for October 2010 was 3,8-million tons, an increase of 11% on October 2009. Italy produced 2,5-million tons, 11,9% up, while Spain’s production fell 12,2% to 1,4-million tons when compared with October 2009.

World crude steel production in October 2010, was also 18,5% higher than that reported in October 2008, as the global economic crisis began to afflict the industry.

Crude steel production for the 66 countries reporting to the World Steel Association rose 2,4% in October to 118-million tons when compared with the same month in 2009. However, Chinese output fell by 3,8% year-on-year to 50,3-million tons.

South African production was estimated to have risen by 4,3% in October 2010, to 730 000 t, as compared with 700 000 t in the same month of 2009. African production, meanwhile, grew by 17,3% period-on-period to 1,48-million tons.

Crude steel production for the first ten months of 2010 was 1 165-million tons, 2,4% higher than in 2008 and 17,5% higher than the same period last year.

The capacity utilisation ratio in the 66 countries continued to rebound to 75,4% from 74,8% in September 2010. But compared with October 2009, the utilisation ratio in October 2010 decreased by 2,7 percentage points.

Besides China, production elsewhere in Asia rose. Japan produced 9,5-million tons, or 8% more than it did in October 2009, while South Korea’s crude steel production rose 11,4% to 5,2-million tons.

The US produced 6,6-million tons of crude steel in October 2010, an increase of 9,6% compared with October 2009.

In the European Union, meanwhile, Germany’s crude steel production for October 2010 was 3,8-million tons, an increase of 11% on October 2009. Italy produced 2,5-million tons, 11,9% up, while Spain’s production fell 12,2% to 1,4-million tons when compared with October 2009.

World crude steel production in October 2010, was also 18,5% higher than that reported in October 2008, as the global economic crisis began to afflict the industry.

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