International Steel Mills
June 22, 2015
Asia Accounts for 67.9% of Global Steel Production
Written by John Packard
Global steel production in 12 months through May totaled 1.672 billion metric tonnes with a capacity of 2.2 billion tonnes according to the World Steel Association. Capacity utilization on a three month moving average, (3MMA) basis was 72.2 percent unchanged from April.
China accounted for 50.2 percent of global production in May. Asia as a whole, including India, accounted for 67.9 percent. Production in May on a tons per day basis was 4.494 million tonnes, up from 4.484 in April.
