Economy
August 2, 2019
Global Steel Production: China's Share Tops 55 Percent in June
Written by Peter Wright
In June, China’s share of global steel production exceeded 55 percent for the first time. In May and June, the annual rate of global steel production exceeded 1.9 billion metric tons. Capacity is calculated to be 2.4 billion metric tons and capacity utilization in June was 80.0 percent, according to the latest Steel Market Update analysis of World Steel Association data. In the months of April, May and June, Chinese production exceeded an annual rate of one billion metric tons for the first time, and in June China produced an all-time high global share of 55.1 percent.
