Economy
January 2, 2020
Global Steel Production Slows Through November
Written by Peter Wright
Steel production in the U.S. declined in the period from September-November 2019, but by less than the rest of the world, excluding China, according to Steel Market Update’s latest analysis of World Steel Association data.
Figure 1 shows annualized monthly global steel production on a three-month moving average (3MMA) basis and capacity utilization since January 2000. Based on OECD data (see below), capacity utilization in November on a 3MMA basis was 80.5 percent, down from 86.0 percent in June. On a tons-per-day basis, production in November was 4.926 million metric tons, down from June’s all-time high of 5.301 million metric tons.
