World Crude Steel Output Inch Down in August
According to the recent data released by World Steel Association (WSA) total crude steel production of 66 steel manufacturing countries witnessed marginal decline of 2% on monthly basis in Aug’18 to 151.74 MnT against 154.11 MnT in Jul’18.
Similarly on Y-o-Y basis world crude steel output edge up by 3% in Aug’18 against 147.89 MnT in Aug’17.
During eight months of CY18 (Jan-Aug) world crude steel output moved up by 5% to 1194 MnT which was 1140 MnT in similar time frame of previous year.
SteelMint has analyzed world’s crude steel production numbers of major steel producing countries -
China’s crude steel output inch down by 1% in Aug’18 - China crude steel output inch down by 1% to 80.32 MnT in Aug’18 which was 81.24 MnT in previous month.However on Y-o-Y basis the same rose by 3% in Aug’18 against 78.20 MnT Aug’17.
India's crude steel output move up by 1% M-o-M in Aug’18- As per WSA (World Steel Association) Indian crude steel output edge up by 1% M-o-M basis to 8.83 MnT in Aug’18 which was 8.75 MnT in Jul’18.However on yearly basis Indian crude steel output jumped by 4% in Aug’18 against 8.52 MnT in Aug’17.
Japan’s crude steel output rises by 5% M-o-M in Aug’18 - Japan crude steel output up by 5% to 8.80 MnT in Aug’18 which was 8.42 MnT in Jul’18.
Meanwhile on Y-o-Y basis nation’s crude steel output inch up by 1% as compared to 8.72 MnT in Aug’17.
United States crude steel output up by 1% M-o-M in Aug’18 - USA crude steel output edge up by 1% M-o-M in Aug’18 to 7.46 MnT as compared to 7.38 MnT in Jul’18. However on yearly basis the same move up by 5% in Aug’ 18 against 7.099 MnT in same month of previous year.
South Korea crude steel inch down in Aug’18- South Korea's crude steel production move down marginally by 1% M-o-M to 6.09 MnT in Aug’18 which was 6.17 MnT in Jul’18.
Meanwhile on Y-o-Y basis the same remain largely stable at 6.09 MnT in Aug’18 and Aug’17.
Crude steel production of other top steel producing countries in month of Aug’18 is as follows Russia: 6.17 MnT Brazil: 3.022 MnT ,Turkey 3.00 MnT and Germany at 3.90 MnT.
Performance of major crude Steel producing nations in Aug’18
source: SteelMint
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