Steel Products Prices North America
February 24, 2017
Global Steel Production in January and Forecast through 2017
Written by Peter Wright
The Global steel industry is on a roll with the y/y growth in the three month moving average (3MMA) of production increasing from negative 5.5 percent in January last year to positive 6.0 percent in January this year.
Production in the month of January was 136,514,000 metric tons with a capacity utilization of 69.2 percent. The three month moving averages (3MMA) that we prefer to use were 134,503,000 and 69.1 percent respectively. Capacity is 2.35 billion tonnes per year. Figure 1 shows monthly production and capacity utilization since January 2000.
