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Decrease in world crudesteel production

According to the World Steel Association (Worldsteel), world crude steel production for the 65 countries reporting to worldsteel was 138 million tonnes (Mt) in March 2015, a -2.7% decrease compared to March 2014.
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In the first three months of 2015, Asia produced 272.0 Mt of crude steel, a decrease of -1.1% over the first quarter of 2014. The EU produced 43.7 Mt of crude steel in the first quarter of 2015, slightly down by -0.6% compared to the same quarter of 2014. North America’s crude steel production in the first three months of 2015 was 28.1 Mt, a decrease of -6.4% compared to the first quarter of 2014. The C.I.S. produced 24.8 Mt of crude steel in the first three months of 2015, a decrease of -5.9% over the same months of 2014.

China’s crude steel production for March 2015 was 69.5 Mt, a -1.2% decrease compared to March 2014. Elsewhere in Asia, Japan produced 9.3 Mt of crude steel in March 2015, a decrease of -4.5% compared to March 2014.

In the EU, Germany produced 3.9 Mt of crude steel in March 2015, a decrease of -4.4% compared to March 2014. Italy produced 2.1 Mt of crude steel, down by -9.8% on March 2014. France’s crude steel production was 1.4 Mt, an increase of 3.0% compared to March 2014. Turkey’s crude steel production for March 2015 was 2.8 Mt, down by -4.1% on March 2014.

The US produced 6.6 Mt of crude steel in March 2015, a decrease of -12.7% compared to March 2014. Brazil’s crude steel production for March 2015 was 2.8 Mt, down by -7.4% on March 2014.

The crude steel capacity utilisation ratio for the 65 countries in March 2015 was 71.6%. It is -4 percentage points lower than March 2014. Compared to February 2015, it is -1.8 percentage points lower.

Source: Worldsteel
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