May 2012 World Crude Steel Production Up By 0.7%

World crude steel production for the 62 countries reporting to the World Steel Association (worldsteel) was 131 million tonnes (Mt) in May 2012, an increase of 0.7% compared to May 2011. China’s crude steel production was 61.2 Mt, an increase of 2.5% compared to May 2011. Elsewhere in Asia, Japan produced 9.2 Mt of crude steel in May 2012, up by 2.0% compared to the same month last year. South Korea’s crude steel production for May 2012 was 6.0 Mt, an increase of 2.0% compared to May 2011.

in the EU, Germany produced 3.7 Mt of crude steel in May 2012, a decrease of -9.7% on May 2011. Italy’s crude steel production for May 2012 was 2.6 Mt, down by -3.3% on May 2011. France produced 1.5 Mt of crude steel, up by 1.3% compared to same month of 2011. Spain’s crude steel production for May 2012 was 1.3 Mt, -13.9% lower than May 2011.   Turkey’s crude steel production was 3.1 Mt, an increase of 6.6% compared to May 2011. The US produced 7.7 Mt of crude steel in May 2012, up by 7.4%. Brazil’s crude steel production for May 2012 was 2.9 Mt, -11.7% lower than May 2011.   The world crude steel capacity utilisation ratio for the 62 countries in May 2012 slid to 79.6% from 81.3% in April 2012. Compared to May 2011, 1.4 % lower. During the past 18 months, the ratio was at its highest in April 2011 with 82.8% and the lowest ratio was in December 2011 with 70.7%.

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