World crude production up 6.3%

World crude steel production for July 2017 totalled 143.2Mt, a rise of 6.3% when compared with the same period last year, according to figures released by worldsteel.

China’s crude steel production for July 2017 increased by 10.3% to 74Mt when compared with last year’s figures, and the USA’s output was up 5.6% at 7.1Mt. In India, steel production was up 3.5% at 8.4Mt and in Brazil there was a small rise of just 1% to 2.8Mt. The Germans produced 3.5Mt, up 3.6% and the Turks churned out 3.3Mt, up a staggering 27.8%.

The crude steel capacity utilization rate of the 67 countries reporting to worldsteel in July 2017 was 72.1%, 3.2 percentage points higher than in July 2016, but 1.5 percentage points lower than in June 2017.