STEEL FRAMING ALLIANCE | FRAMEWORK ONLINE
September 3, 2008
MARKETPLACE
 
July 2008 Crude Steel Production

BRUSSELS - World crude steel production for the 66 countries reporting to the International Iron and Steel Institute (IISI) was 117.2 million metric tons (mmt) in July. This is 6.2% higher than the same month last year.

Total world crude steel production was 815.1 mmt in the first seven months of 2008, a 6.1% increase over the same period in 2007. In July 2008, the world moving annual total (MAT) growth rate stayed at 5.8%, unchanged for the last four months.

In the first seven months of 2008, China produced 308.3 mmt of crude steel, an increase of 9.3% compared to the same period in 2007. In July 2008, China’s MAT growth rate continued to slow further to 9.6%, compared to its MAT growth rate peak of 26.3% in January 2006. China’s crude steel production for July 2008 was 44.9 mmt, an increase of 7.5% on July 2007.

Overall, Asia produced 66.4 mmt of crude steel in July 2008 compared to 62 mmt in July 2007, a 7.1% increase in crude steel production.

In July 2008, the largest producer in the EU was Germany, with 3.8 mmt of crude steel, a decrease of -5.7%. The UK produced 1.1 mmt crude steel, a decrease of -3.9% compared to the same month last year.

North America showed its eighth consecutive monthly increase of MAT growth rate, rising to 5.4% from 4.5% last month. Total crude steel production in North America was 11.6 mmt in July 2008, an increase of 7.1% on July 2007.

South America recorded a 12.8% increase in crude steel production with 4.5 mmt in July 2008. Brazil produced 3.2 mmt, 11.5% higher than July 2007.

Source: International Iron and Steel Institute, August 20, 2008

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