Steel Products Prices North America
March 20, 2014
Global Steel Production and Capacity Utilization in February 2014
Written by Peter Wright
Global Steel Production in February declined by 11.7 million tonnes, normal for that month based on a reduced number of operating days. February steel production was 125 million tonnes, an increase of 0.6 percent from February last year. Capacity utilization on a rolling three month basis through February was 75.9 percent (Figure 1). The annualized three month moving average of production was 1.562 billion tonnes in the December through February time frame. Capacity is now 2.076 billion tonnes.
