NAFTA Has Largest Dip in Steel Demand in 2015 vs. 2014

The following article was produced for our Premium level members earlier this week. We wanted to share it with our Executive level members as we think it is important and interesting as the world is flooded with excess steel capacity. If you find this article interesting you may be interested in upgrading your membership from Executive to Premium. We can answer any questions that you might have at: info@SteelMarketUpdate.com.

Global steel production in 12 months through August totaled 1.615 billion tonnes with a capacity of 2.3 billion tonnes. Capacity utilization in August was 68.4 percent with a three month moving average (3MMA) of 69.1 percent, down from 71.6 percent in three months through June. China accounted for 50.5 percent of global production in August. Asia as a whole, including India, accounted for 69.0 percent. Production in August on a tons per day basis was 4.275 million tonnes, down from 4.539 in June which was the highest month of the year.