Economy
November 26, 2017
WSA: Global Steel Output Continues to Surge
Written by Peter Wright
Driven primarily by construction in the developing world, growth in global steel production continues to surge, according to Steel Market Update’s latest analysis of World Steel Association data.
Steel production in the month of October was 145,254,000 metric tons, up from 141,576,000 in September. Capacity utilization decreased from 73.5 percent to 72.9 percent. Production was up and capacity utilization down because there were more days in October and tons per day decreased. The three-month moving averages (3MMA) that we prefer to use were 143,886,000 metric tons and 73.1 percent, respectively.
