World steel output fell 5% in November
- 22 December 2020
Raw steel production declined 5.6% during November, falling to 127,364 million metric tons from the revised October total. At the same time, the latest month’s result is up 3.6% from the November 2012 production total, APA reports citing Industryweek.
Through the first 11 months of 2013, global steel output stands at 1.44 billion metric tons, up 3.2% versus the January-November 2012 cumulative result.
The World Steel Association, which reports data on steel production in 65 member countries, also reported raw steel capacity utilization ratio was 75.8%, down 1.7% from the October rate (77.5%), but 0.3% higher than the November 2012 rate (75.5%.)
The Brussels-based World Steel Assn. issues a monthly summary report of production and capacity utilization for “crude” (or raw) steel, the primary output of electric arc furnaces and basic oxygen furnaces, prior to metallurgical refining and casting into semi-finished products, such as slabs, blooms, or billets. The report totals the global carbon and carbon alloy steel output; stainless steels and other specialty alloy steels are not included.
The latest month’s result includes another decline in raw steel output from China, the world’s largest producer nation. Chinese steelmakers produced 60.9 million metric tons of steel in November, down 6.5% from the 65.1 million metric tons reported for October. It was the second consecutive month of declining output in that country, but represents a 4.2% increase over the November 2012 total.