May 7, 2008


March 2008 Crude Steel Production
BRUSSELS — World crude steel production for the 66 countries reporting to the International Iron and Steel Institute (IISI) was 119.5 million metric tons (mmt) in March. This is 5.8% higher than the same month last year.

Total world crude steel production was 340.7 mmt in the first three months of 2008, a 5.6% increase over the first quarter of 2007.

In the first three months of 2008, China produced 124.9 mmt of crude steel, an increase of 8.6% compared to the same period in 2007. In March 2008, China’s moving annual total (MAT) growth rate slowed further to 11.5%, compared to its MAT growth rate of 21% in March 2007. China’s crude steel production for March 2008 was 44.9 mmt, an increase of 11.5% on March 2007.

Overall, Asia produced 66.9 mmt of crude steel in March 2008 compared to 61.5 mmt in March 2007, an 8.8% increase in crude steel production.

In North America, the MAT growth rate for March 2008 was 3.0%, continuing its upward trend. US production was an estimated 8.5 mmt (an increase of 2.1% from March 2007), Mexico 1.6 mmt (up 5.0% from March 2007) and Canada 1.5 mmt (up 4.8% from March 2007).

The 'Other Europe' region of seven countries outside the EU produced 2.9 mmt in March 2008, an increase of 7.4% from March 2007. Turkey’s crude steel production was 2.4 mmt, which was 7.5% higher than the same month last year. Turkey produced 10.1% more crude steel in the first quarter of 2008 than over the same period last year.

Source: International Iron and Steel Institute, April 21, 2008

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Brought to you by the Steel Framing Alliance (SFA) on the first Wednesday of each month, Framework Online arms you with the latest news and commentary on the steel framing and construction industries. In addition to industry headlines, trends and project profiles, Framework Online provides information and ideas that will better enable members to increase their participation in the residential and commercial construction markets.