Economy
December 23, 2020
Global Steel Production Through November
Written by Peter Wright
The United States experienced the least growth among the 10 major steel-producing nations in the three months through November, according to data from the Organization for Economic Cooperation and Development (OECD).
Figure 1 shows annualized monthly global steel production on a three-month moving average (3MMA) basis and capacity utilization since January 2000 based on capacity data from the OECD. Capacity utilization in November on 3MMA basis was 80.4 percent. On a tons-per-day basis, production in November was 5.275 million metric tons. This was the second highest month behind the record set in June 2019 of 5.318 million metric tons.
