Economy
July 27, 2020
Global Steel Production Through June
Written by Peter Wright
In 12 months through June, China’s steel production exceeded one billion metric tons for the first time.
Figure 1 shows annualized monthly global steel production on a three-month moving average (3MMA) basis and capacity utilization since January 2000 based on the updated OECD capacity data. Capacity utilization in June on a 3MMA basis was 75.3 percent. On a tons-per-day basis, production in June was 4.943 million metric tons, down from June 2019’s all-time high of 5.318 million metric tons.
