International Steel Mills
November 19, 2013
Global Steel Production Rose 1.4% - China at 48.5% of Total
Written by Peter Wright
According to the World Steel Association, global steel production rose 1.4 percent in October to 134,262,000 tonnes compared to September and reached a capacity utilization rate of 78.0 percent. The annualized three month moving average production was 1.591 billion tonnes through October (Figure 1).
Capacity is now 2.076 billion tonnes. Global production this year has deviated from the pattern of the last three years by exhibiting a fourth quarter uptick. In three months through October, global production grew by 6.2 percent year-over-year and year-to-date production was up by 3.4 percent compared to the first ten months of 2012. Global steel production growth is accelerating.
