Steel Products Prices North America
June 20, 2016
Global Steel Production in May and Forecast through 2017
Written by Peter Wright
Production in the month of May, at 139,154,000 metric tons, was up by 3.2 percent from April and the three month moving average (3MMA) that we prefer as a measure was up by 4.5 percent. Capacity is 2.3 billion tonnes per year and the 3MMA of capacity utilization in May was 70.5 percent.
This report and the trend of the last four months indicates that the much desired slowdown in global steel production has almost ceased on a year over year basis. Figure 1 shows monthly production and capacity utilization since January 2000.
