Steel Products Prices North America
November 19, 2015
Global Steel Production and Capacity Utilization in October 2015
Written by Peter Wright
Global steel production in 12 months through October totaled 1.609 billion tonnes with a capacity of 2.3 billion tonnes. Production in the month of October was 133,640 tonnes up from 130,998 in September or 2.0 percent, however on a tons/day basis production was 4.311 million tonnes, down from 4.367 in September and from 4.518 in April which was the highest month of the year.
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 of the next year, after which production kicks up rapidly (Figure 1).
