Steel Products Prices North America
May 19, 2016
Global Steel Production and Forecast through 2017
Written by Peter Wright
Production in the month of April at 134,874,000 metric tons was down by 2.0 percent from March but the three month moving average (3MMA) that we prefer as a measure was up by 2.0 percent. Capacity is 2.3 billion tonnes per year and capacity utilization in April was 70.5 percent. There has been a significant decline in the 3MMA in the second half of the year since and including 2010 which then picks up in January and February (Figure 1).
