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Global steel output climbs 3.5% last year
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Global production of steel rose by 3.5 percent in 2013 and China’s share of the total grew further to 48.5 percent, trade data showed yesterday, giving an insight into a basic input for economies and growth.
China produced 8.95 times more steel than the United States.
The global industry is showing signs of benefiting from a pickup in demand, which had fallen heavily, highlighting in some regions concern about excessive capacity.
The World Steel Association, which covers 65 countries, said the rate at which steelmaking capacity was in operation fell in December to 74.2 percent from 75.8 percent in December 2012.
However, the average rate of use of capacity was 2.2 percent higher than in December 2012, and total output in the month expanded by 6.3 percent on a 12-month comparison to 129.2 million tons.
In the whole of last year, average utilization was 78.1 percent compared with 76.2 percent in 2012.
“The growth came mainly from Asia and Middle East while crude steel production in all other regions decreased in 2013 compared to 2012,” the association said.
Global output of steel totaled 1.61 billion tons last year, and China raised production by 7.5 percent to 779 million tons.
Japan, the second-biggest producer in the world, raised output of raw steel by 3.1 percent to 110.6 million tons.
India, the fourth-biggest producer, raised output by 5.1 percent to 81.2 million tons. However, production by South Korea, the sixth-biggest, fell by 4.4 percent to 66 million tons.
Across Asia, output rose by 6 percent to 1.08 billion tons.
In other regions, production fell in many countries.
The US, ranking third, produced 2 percent less than in 2012, turning out a total of 87 million tons.
Output by Russia, fifth in the rankings, fell by 1.5 percent to 69.4 million tons.
Total output in the European Union fell by 1.8 percent. Output in Germany, ranked seventh, was flat at 42.6 million tons.
Turkey, ranked eighth, fell 3.4 percent to 34.7 million tons, and Brazil, ninth, down 1 percent to 34.2 million tons.
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