IISI Reports World Steel Production for July 2008
08/21/2008 - Figures released by the International Iron and Steel Institute show that world crude steel production for the 67 countries reporting stood at an estimated 117.2 million tonnes in July 2008 — 6.2% higher than for the same month of 2007, but 1.6% lower than the previous month, June 2008.
Figures released by the International Iron and Steel Institute show that world crude steel production for the 67 countries reporting stood at an estimated 117.2 million tonnes in July 2008 — 6.2% higher than for the same month of 2007, but 1.6% lower than the previous month (June 2008).
A significant factor in the lower total production vs. June was a 4.4% drop in production over the period for China, which contributed 38.3% of the July crude steel production total. Excluding China’s production, world production grew by 5.4% in July compared to July 2007, and virtually unchanged (+0.16%) from the previous month (June 2008).
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World Steel Production, July '08
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Region
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% of July '08 Total
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Change vs. July '07
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EU (27)
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15.2%
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+4.1%
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Other EU
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2.5%
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+9.7%
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CIS
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9.0%
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+2.2%
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N. America
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9.9%
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+7.1%
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S. America
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3.8%
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+12.8%
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Africa
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1.3%
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+0.2%
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Middle East
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1.1%
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+0.9%
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Asia
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56.6%
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+7.1%
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Oceania
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0.6%
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-6.2%
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World
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--
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+6.2%
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For the first seven months of 2008, total world crude steel production reached 815,119 million tonnes, a 6.1% increase over the first seven months of 2007. Of that 815-million-tonne seven-month total, China produced 308.3 million tonnes of crude steel (37.8% of the seven-month total), its total reflecting an increase of 9.3% compared to the same period in 2007.
Weighing in at 56.6% of total world production for July 2008, production in Asia stood at 66.4 million tonnes in June, 7.1% higher than in July 2007. Representing 38.3% of world production for July, Chinese production was reported at 44.9 million tonnes in July, a 7.5% increase compared to July 2007, and a 4.4% fall compared to the previous month (June 2008).
The twenty-seven countries of the European Union (EU(27)) produced 17.8 million tonnes of crude steel in July, up 4.1% from July 2007. Comparing July 2008 to July 2007, crude steel production increased by 26.9% in Spain and 25.0% in Greece, but fell by 18.2% in Bulgaria andby 6.8% in Slovakia. Altogether, the countries in the EU27 contributed 15.2% of the total reported world production in July 2008.
Production in Other Europe totaled 2.9 million tonnes in July, an increase of 9.7% compared to July 2007. Serbia and Switzerlandshowed the largest increases (+13.9% and +13.2%, respectively), while production fell by 57.4% in Norway. Altogether, these countries contributed 2.5% of the total reported world production in July 2008.
Production in the countries of the CIS totaled 10.6 million tonnes in July, reflecting a 2.2% increase compared to July 2007. The Ukraine and Uzbekistan reported the largest increases (+5.8% and +5.5%, respectively) and Moldova and Kazakhstan reported the largest decreases (–12.1% and -7.4%) over the period. Altogether, these countries contributed 9.0% of the total reported world production in July 2008.
North American production totaled 11.6 million tonnes in July, a 7.1% increase compared to July 2007. Comparing July 2008 to July 2007, the largest percentage increases were recorded in Cuba (+145.1%), El Salvador (+34.6%) and Canada (+24.4%), while production fell by 3.7% in Trinidad and Tobago. Altogether, the North American countries contributed 9.9% of the total reported world production in July 2008.
South American production for July 2008 totaled 4.5 million tonnes, a 12.8% increase compared to July 2007. The largest percentage increases took effect in Peru (+52.0%) and Argentina (+48.3%), while Paraguay (-38.1%) Columbia (-10.9%) logged the greatest percentage decreases. Altogether, the South American countries contributed 3.8% of the total reported world production in July 2008.
Production in Africa totaled 1.5 million tonnes in July 2008, a negligible 0.2% increase compared to July 2007. Comparing July 2008 to July 2007, Morocco and South Africa reported the largest increases (+26.5% and +17.6%, respectively), while production fell most significantly in Zimbabwe (-100%) and Algeria (-50.9%) over the same period. The African countries contributed 1.3% of the total reported world production in July 2008.
Production in the Middle East totaled 1.25 million tonnes in July 2008, a 0.9% increase compared to July 2007. Comparing July 2008 to July 2007, production increased by 39.7% in Qatar and fell by 4.4% in Iran. Altogether, the countries of the Middle East contributed 1.1% of the total reported world production in July 2008.
Production in Oceania totaled 0.70 million tonnes in July, a 6.2% decrease compared to July 2007. Altogether, the countries of Oceania contributed 0.6% of the total reported world production in July 2008.
Total world production for July fell 1.6% compared to the previous month, June 2008.
