IISI Reports World Crude Steel Production for January 2007
02/22/2007 - Feb. 22, 2007 — Figures released by the International Iron and Steel Institute show that world crude steel production for the 62 countries reporting stood at an estimated 107.9 million tonnes in January
Feb. 22, 2007 — Figures released by the International Iron and Steel Institute show that world crude steel production for the 62 countries reporting stood at an estimated 107.9 million tonnes in January — 13.5% higher than for the same month of 2006. Excluding China, world production rose 3.9% compared to the previous month (December 2006), and rose 7.1% compared to January 2006.
Weighing in at 54% of total world production for January 2007, production in Asia stood at 58.4 million tonnes in January, 20.1% higher than in January 2006. Representing 35.6% of world production for January, Chinese production was 38.4 million tonnes in January, a 27.3% increase compared to January 2006.
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The twenty-seven countries of the European Union (EU(27)) produced 18.1 million tonnes of crude steel in January, 9.7% more than in January 2006. Comparing January 2007 to January 2006, crude steel production increased 25.6% in Germany, 25.4% in Spain, and 17.6% in Austria, but decreased 7.7% in Luxembourg. Altogether, the countries in the EU27 contributed 16.7% of the total reported world production in January 2007.
Production in Other Europe totaled 2.4 million tonnes in January, an increase of 13.4% compared to January 2006. Serbia and Montenegro showed the largest increase (+25.5%) over the period, while Croatia exhibited the largest (–26.8%) decrease. Altogether, these countries contributed 2.2% of the total reported world production in January 2007.
Production in the countries of the CIS totaled 10.7 million tonnes in January, with an 11.0% increase compared to January 2006. Uzbekistan again had the largest (+35.6%) increase for the region, while Moldova decreased 3.6% over the period. Altogether, these countries contributed 9.9% of the total reported world production in January 2007.
North American production totaled 10.9 million tonnes in January, a 0.5% decrease compared to January 2006. Comparing January 2007 to January 2006, the largest percentage increase was recorded in Cuba (+36.6%), while production in the U.S. (contributing 7.7% of total world steel production for January) increased 2.7% over the same period. Production decreases were most significant in Trinidad and Tobago (–33.3%) and in Canada (–18.9%) Altogether, the North American countries contributed 10.1% of the total reported world production in January 2007.
South American production for January 2007 totaled 3.8 million tonnes, a 2.2% increase compared to January 2006. The most significant percentage increases took effect in Columbia (+22.2%) and Paraguay (+20.5%), while Argentina logged the greatest decrease (–18.5%). Altogether, the South American countries contributed 3.5% of the total reported world production in January 2007.
Production in Africa totaled 1.6 million tonnes in January 2007, a 7.5% increase compared to January 2006. Comparing January 2007 to January 2006, the most significant percentage increases took effect in Morocco (+330%) and Algeria (+110%), while the largest decrease was recorded for Zimbabwe (–66.7%). Although these increases might appear to be significant, one must be aware that altogether, the African countries contributed only 1.5% of the total reported world production in January 2007.
Production in the Middle East totaled 1.3 million tonnes in January 2007, a 3.2% increase compared to January 2006. Comparing January to January, the most significant increase for the region was reported by Qatar (+10.1%). Altogether, the countries of the Middle East contributed 1.2% of the total reported world production in January 2007.
Production in Oceania totaled 0.7 million tonnes in January, a 4.3% decrease compared to January 2006. Altogether, the countries of Oceania contributed 0.7% of the total reported world production in January 2007.
Total world production for January was slightly (2.7%) higher than production for the previous month, December 2006.