Steel Products Prices North America
March 22, 2017
Global Steel Production in February and Forecast through 2017
Written by Peter Wright
Production in the month of February was 126,579,000 metric tons, down from 137,837,000 tons in January. Capacity utilization fell from 69.2 to 65.5 The three month moving averages (3MMA) that we prefer to use were 132,861,000 and 67.8 percent respectively. This capacity utilization number is misleading because in February it was severely influenced by the short month. Capacity is 2.35 billion tonnes per year. Figure 1 shows monthly production and capacity utilization since February 2000.
