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World crude steel output increases by 5.3% in 2017

January 24, 2018 - World crude steel production reached 1,691.2 million tonnes (Mt) for the year 2017, up by 5.3 percent compared to 2016. Crude steel production increased in all regions in 2017 except in the CIS, which has remained stable (subject to current estimates).

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Annual production for Asia was 1,162.5 Mt of crude steel in 2017, an increase of 5.4 percent compared to 2016. China’s crude steel production in 2017 reached 831.7 Mt, up by 5.7 percent on 2016. China’s share of world crude steel production increased from 49.0 percent in 2016 to 49.2 percent in 2017. Japan produced 104.7 Mt in 2017, down by -0.1 percent compared to 2016. India’s crude steel production for 2017 was 101.4 Mt, up by 6.2 percent on 2016. South Korea produced 71.1 Mt of crude steel in 2017, an increase of 3.7 percent compared to 2016.

In 2017, the EU (28) produced 168.7 Mt of crude steel, an increase of 4.1 percent compared to 2016. Italy produced 24.0 Mt in 2017, up by 2.9 percent on 2016. Spain produced 14.5 Mt of crude steel in 2017, an increase of 6.2 percent compared to 2016.

Crude steel production in North America was 116.0 Mt, 4.8 percent higher than in 2016. The US produced 81.6 Mt of crude steel, up by 4.0 percent on 2016.

worldsteel’s estimation of 2017 crude steel production in the CIS based on available data was 102.1 Mt, the same amount as in 2016. Russia* produced 71.3 Mt of crude steel in 2017, up by 1.3 percent on 2016. Ukraine* recorded a decrease of -6.4 percent with a year-end figure of 22.7 Mt.

Annual crude steel production for South America was 43.7 Mt in 2017, an increase of 8.7 percent on 2016. Brazil produced 34.4 Mt in 2017, up by 9.9 percent compared to 2016.

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In December 2017, world crude steel production for the 66 countries reporting to the World Steel Association (worldsteel) was 138.1 Mt, an increase of 3.9 percent compared to December 2016. The crude steel capacity utilisation ratio of the 66 countries in December 2017 was 69.5 percent. This is 1.8 percentage points higher than December 2016.

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Additional data including a more detailed summary of world crude steel production, a list of the top steel-producing countries, and the monthly crude steel production data for December can be found at worldsteel.org.

[h/t worldsteel]

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