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World Crude Steel Production Slightly Higher in October

World crude steel production for the 62 countries reporting to the World Steel Association (worldsteel) was 126 million tonnes in October 2012, an increase of 1.3% compared to October 2011.

China’s crude steel production for October 2012 was 59.1 million tonnes, up by 6.0% compared to October 2011. Elsewhere in Asia, Japan produced 8.8 million tonnes of crude steel in October 2012, a decrease of -6.7% compared to the same month last year.

In the EU, Germany produced 3.7 million tonnes of crude steel in October 2012, a slight increase of 0.3% on October 2011. Italy’s crude steel production was 2.4 million tonnes, down by -10.4% compared to October 2011. France’s crude steel production was 1.3 million tonnes, a decrease of -7.2% on October 2011. Spain produced 1.1 million tonnes of crude steel, -15.6% lower than October 2011.

Turkey’s crude steel production for October 2012 was 2.9 million tonnes, a decrease of -6.9% compared to October 2011.

The U.S. produced 6.9 million tonnes of crude steel in October 2012, down by -3.3% on October 2011.

Brazil’s crude steel production for October 2012 was 3.2 million tonnes, an increase of 7.7% compared to October 2011.

The crude steel capacity utilization ratio for the 62 countries in October 2012 declined to 76.5% from 77.7% in September 2012. Compared to October 2011, it is 1.4 percentage points lower.