Steel Products Prices North America
March 22, 2015
Global Steel Production and Capacity Utilization in February 2015
Written by Peter Wright
Global steel production in 12 months through February totaled 1.628 billion tonnes with a capacity of 2.2 billion tonnes which yields a utilization for the 12 month period of 74 percent. China accounted for 51 percent of global production in February. Asia as a whole, including India, accounted for 68.4 percent of global production.
Production in February on a tons per day basis was 4.558 million tonnes which was the highest since June last year and broke a string of four consecutively declining months. Total February production was 127.626 million tonnes. If we look at the three month moving average and plot it over time we see that there has been a significant decline in the second half of the year since and including 2010 which usually extends into February, (Figure 1).
