IISI Reports World Steel Production for June 2008
07/22/2008 - Figures released by the International Iron and Steel Institute show that world crude steel production for the 67 countries reporting stood at an estimated 118.8 million tonnes in June 2008 — 5.9% higher than for the same month of 2007, but 1.0% lower than the previous month, May 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 118.8 million tonnes in June 2008 — 5.9% higher than for the same month of 2007, but 1.0% lower than the previous month (May 2008).
Excluding China, world production grew by just 3.3% in June compared to June 2007, and fell by 2.9% compared to the previous month (May 2008).
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World Steel Production, June '08
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Region
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% of June '08 Total
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Change vs. June '07
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EU (27)
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15.3%
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+1.8%
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Other EU
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2.5%
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+15.5%
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CIS
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8.8%
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+1.1%
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N. America
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9.4%
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+0.4%
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S. America
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3.5%
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+5.1%
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Africa
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1.3%
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-1.8%
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Middle East
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1.2%
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+5.5%
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Asia
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57.5%
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+8.7%
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Oceania
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0.6%
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+2.7%
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World
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--
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+5.8%
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For the first six months of 2008, total world crude steel production reached 696.1 million tonnes, a 5.7% increase over the first six months of 2007. Of that 696.1-million-tonne six-month total, China produced 263.2 million tonnes of crude steel (37.8% of the six-month total), its total reflecting an increase of 9.6% compared to the same period in 2007.
Weighing in at 57.5% of total world production for June 2008, production in Asia stood at 68.3 million tonnes in June, 8.7% higher than in June 2007. Representing 39.5% of world production for June, Chinese production was reported at 46.9 million tonnes in June, a 10.2% increase compared to June 2007, and a 2.0% increase compared to the previous month (May 2008).
The twenty-seven countries of the European Union (EU(27)) produced 18.1 million tonnes of crude steel in June, up slightly (+1.8%) from June 2007. Comparing June 2008 to June 2007, crude steel production increased by 34.3% in Belgium and 11.4% in France, but fell by 24.1% in Bulgaria andby 9.6% in Sweden. Altogether, the countries in the EU27 contributed 15.3% of the total reported world production in June 2008.
Production in Other Europe totaled 2.9 million tonnes in June, an increase of 15.5% compared to June 2007. Macedoniashowed the largest increase (+25.7%), followed by Turkey (+17.5%), while production fell by 15.4% in Norway. Altogether, these countries contributed 2.5% of the total reported world production in June 2008.
Production in the countries of the CIS totaled 10.5 million tonnes in June, reflecting a 1.1% increase compared to June 2007. The Ukraine reported the largest increase (+6.2%) and Kazakhstan reported the largest decrease (–12.1%) over the period. Altogether, these countries contributed 8.8% of the total reported world production in June 2008.
North American production totaled 11.2 million tonnes in June, virtually unchanged (+0.4%) compared to June 2007. Comparing June 2008 to June 2007, the largest percentage increases were recorded in Cuba (+38.1%) and Mexico (+8.5%), while production fell by 0.7% in the U.S., by 15.5% in El Salvador, and by 14.7% in Trinidad and Tobago. Altogether, the North American countries contributed 9.4% of the total reported world production in June 2008.
South American production for June 2008 totaled 4.1 million tonnes, a 5.1% increase compared to June 2007. The largest percentage increases took effect in Peru (+109.7%) and Uruguay (+19.4%), while Columbia (-30.6%) and Paraguay (18.6%) logged the greatest percentage decreases. Altogether, the South American countries contributed 3.5% of the total reported world production in June 2008.
Production in Africa totaled 1.4 million tonnes in June 2008, a 1.8% decrease compared to June 2007. Comparing June 2008 to June 2007, small increases were reported by Egypt (+3.3%), South Africa (+2.4%), and Morocco (+2.0%), while production fell most significantly in Algeria (–40.8%) over the same period. The African countries contributed 1.3% of the total reported world production in June 2008.
Production in the Middle East totaled 1.4 million tonnes in June 2008, a 5.5% increase compared to June 2007. Comparing June 2008 to June 2007, production increased by 22.3% in Qatar and by 12.1% in Saudi Arabia. Altogether, the countries of the Middle East contributed 1.2% of the total reported world production in June 2008.
Production in Oceania totaled 0.75 million tonnes in June, an 8.7% decrease compared to June 2007. Altogether, the countries of Oceania contributed 0.6% of the total reported world production in June 2008.
Total world production for June fell 1.0% compared to the previous month, May 2008.
