Figures released by the World Steel Association (worldsteel) show that world crude steel production in May this year was down 2.1% to 139Mt when compared to May 2014.
Chinese crude steel production for May 2015 was down 1.7% to 70Mt while Japan produced 8.9Mt, a decrease of 7% on last year’s figure. South Korea produced 6Mt of crude steel, down 2.6%.
In the EU, Germany produced 3.7Mt of crude steel in May 2015, down 5.4% on the previous year, while Italy produced 2Mt, down 12.6%. France increased production by 5.8% to 1.4Mt while Spain upped its production 1.9% to 1.4Mt.
Turkish crude steel production in May 2015 was down 4.3% to 2.9Mt and the figure for Russia was 6.1Mt, down 4.3% when compared with May last year. The Ukraine was down 23% to just 2.2Mt.
In the USA crude steel production dipped 8.5% to 6.8Mt and in Brazil the figure was down 3.8% to 3Mt.
In terms of crude steel capacity utilisation ratio, the figure for the 65 countries report to worldsteel was 72.1%, 3.4 percentage points lower than in May 2014. In April 2015 the figure was 0.4 percentage points lower.