Steel Products Prices North America
January 30, 2017
Global Steel Production in December and Forecast through 2017
Written by Peter Wright
Global steel production in 2016 was up by 0.9 percent after declining by 3.4 percent in 2015. On a rolling 12 month basis, December was the first month to have positive growth since May 2015.
Production in the month of December was 134,059,000 metric tons with a capacity utilization of 68.6 percent. The three month moving averages (3MMA) that we prefer to use were 134,322,000 and 69.3 percent respectively. Capacity is 2.35 billion tonnes per year. Figure 1 shows monthly production and capacity utilization since January 2000.
