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IISI Reports Crude Steel Production for March 2005

Figures released by the International Iron and Steel Institute (IISI) show that world crude steel production for the 61 countries reporting stood at 92.9 million tonnes in March — 6.5% higher than for March 2004.

The 6.5% increase in total world production compared to March 2004 is most heavily influenced by strong growth (+15.2) in Asia, which now represents roughly half of total world production. Within Asia, China, representing roughly 30% of total world production, reported the strongest growth (+24.2%) in crude steel production.

Crude steel production decreases compared to March 2004 were reported by the EU25 (–2.7%), North America (–3.1%), Oceania (–4.3%) and Other Europe (–4.4%). These regions represent 17.7%, 11.9%, 0.8% and 2.6% of total world March production, respectively; together, these regions represent 33% of total world production for March 2005.

Production in the 25 European Union countries stands at 16.4 million tonnes in March, or 17.7% of total international production for the month. Overall, the region’s production stands 2.7% below March 2004 totals, with the most significant decreases reported by Luxembourg (–37%), Spain (–22.3%) and the Czech Republic (–10.8%). Representing 18% of total world year-to-date crude steel production, the EU-25 produced 48.0 million tonnes, 0.3% lower than for the same period in 2004.

Production in Other Europe totaled 2.4 million tonnes in March, representing 2.6% of total March production. Production for the region is 4.4% lower than in March 2004, with year-to-date production now 1.6% lower than YTD 2004. The most significant decreases compared to March 2004 were reported by Croatia (–100%) and Norway (–15.9%).

CIS production totaled 2.4 million tonnes in March, 1.0% higher than March 2004. The most significant changes for the region were reported by Kazakhstan (–46.7%), Moldova (–17.3%) and Uzbekistan (–10.0%). YTD production for the region, which reflects 10.3% of total world YTD production, is 0.2% below YTD 2004.

In North America, production stands at 11.0 million tonnes at the end of March, a fall of 3.1% compared to the same month last year. Reflecting 8.8% of total March world production, The United States produced 8.1 million tonnes, 3.4% less than in March 2004; Canada, representing 1.5% of total world production, fell by 1.7% over the same period, to 1.39 million tonnes in March 2005. First quarter 2005 production for North America is 32.4 million tonnes, a rise of 0.3% compared to the first three months of 2004.

In South America, March production was 1.5% higher than in March 2004. The largest reported increases, reported by Columbia (+33%) and Paraguay (42.7%), were balanced by significant decreases in Peru (–33%) and Ecuador (–30.9%). With YTD production of 11.2 million tonnes slightly (+0.3%) above YTD 2004, the region represents 4.2% of total world YTD production.

Production in Africa, 1.5 million tonnes, was 18.7% higher than in March 2004, with YTD production for the region now 10.8% higher than YTD 2004. However, as the region represents only 1.62% of total world YTD production, the increases are not as significant as they might appear. Similarly, production in the Middle East, which represents 1.34% of total world YTD production, was 12.5% higher in March compared to March 2004, with YTD production 9.4% higher than in YTD 2004.

China produced 27.5 million tonnes of crude steel in March, representing 29.7% of total international production for the month, and a 24.1% increase over the same month in 2004. Total production for the Asian region was 46.0 million tonnes in March, representing 49.5% of total March production. Asia’s production reflects a 15.2% increase compared to March 2004. Year-to-date crude steel production for the region, 131.1 million tonnes, reflects a 13.8% increase compared to 2004.

Oceania reported 0.7 million tonnes of crude steel production for March 2005, representing 0.8% of total world production. March production was 4.3% lower than March 2004, with YTD production now 2.6% below YTD 2004.