STEEL FRAMING ALLIANCE | FRAMEWORK ONLINE
November 5, 2008
MARKETPLACE
 
September 2008 Crude Steel Production

Brussels – World crude steel production for the 66 countries reporting to the World Steel Association (worldsteel) was 108.4 million metric tons (mmt) in September. This is 3.2% lower than the same month last year.

Total world crude steel production was 1,035.8 mmt in the first nine months of 2008, a 4.6% increase over the same period in 2007. In September 2008, the world crude steel production moving annual total (MAT) growth rate further slowed to 4.7% from 5.6% last month.

China’s crude steel production for September 2008 was 39.6 mmt, a decrease of -9.1% on September 2007. In the first nine months of 2008, China produced 391.0 mmt of crude steel, an increase of 6.2% compared to the same period in 2007.

Overall, Asia produced 60.4 mmt of crude steel in September 2008 compared to 63.7 mmt in September 2007, a -5.1% decrease in crude steel production. South Korea showed a 12.7% increase in September producing 4.6 mmt of crude steel.

In September 2008, the EU produced 17.4 mmt of crude steel, an increase of 0.9% and in the first nine months the EU produced 160.1 mmt, a 1.2% increase over the same period in 2007. Germany produced 4.0 mmt of crude steel in September, a decrease of -0.6 compared to the same month last year. Italy showed an increase of 2.4% producing 2.7 mmt in September.

Russia produced 6.1 mmt, 7% higher than September 2007 and in South America, Brazil produced 3.0 mmt in September, an increase of 5% compared to the same month in 2007.

Total crude steel production in North America was 10.9 mmt in September 2008, the same amount as September 2007. The North America MAT growth rate again rose, to 6.4% from 6.1% last month. This is its tenth consecutive monthly increase.

Source: International Iron and Steel Institute, October 22, 2008.

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