Steel Products Prices North America
December 22, 2015
Global Steel Production and Capacity Utilization in November 2015
Written by Peter Wright
The following article is normally produced for our Premium level members, but 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 November totaled 1.604 billion tonnes with a capacity of 2.3 billion tonnes. Production in the month of November was 126,844,000 tonnes, down from 132,729,000 in October or 4.4 percent, however there was one less day in November and on a tons/day basis production was down by 1.9 percent at 4.228 million tonnes, down 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).
