SA’s March steel output climbed well ahead of global norm

22nd April 2014

By: Natalie Greve

Creamer Media Contributing Editor Online

  

Font size: - +

South Africa increased crude steel production by 21.1% year-on-year in March, producing 615 000 t of the metal and outperforming the global production pace, which increased by 2.7% year-on-year to 141-million tons for the third month of 2014.

World Steel Association (worldsteel) reported on Tuesday that, in the first three months of 2014, Asia produced 274-million tons of crude steel, an increase of 2.6% over the first quarter of 2013, while the European Union (EU) produced 43.8-million tons of crude steel in the first quarter of 2014, up 6.7% compared with the same quarter of 2013.

North America’s crude steel production in the first three months of 2014 was 29.9-million tons, an increase of 0.8% on the first quarter of last year, while the Commonwealth of Independent States produced 26.3-million tons of crude steel in the first three months of 2014, a decrease of 2.8% over the same months of 2013.

Looking to the month of March, China’s crude steel production was 70.3-million tons, up by 2.2% year-on-year, while, elsewhere in Asia, Japan increased production by 2.9% over the same period to 9.7-million tons of crude steel and South Korea lifted its output by 8% to 6.1-million tons.

In the EU, Germany produced four-million tons of crude steel in March, a year-on-year increase of 6.1%, while Italy increased output by 8% to 2.4-million tons and France lifted crude steel production 4.1% to 1.4-million tons.

Spain, meanwhile, produced 1.3-million tons of crude steel, up by 4.1% year-on-year, while, in contrast, Turkey narrowed its contribution by 4.3% to 2.8-million tons.

At six-million tons of crude steel, Russia’s output remained relatively flat, while the Ukraine’s production dropped by 7.7% to 2.7-million tons in March.

The US lifted steel production marginally by 0.9% to 7.4-million tons for the month.

The crude steel capacity utilisation ratio for the 65 countries reporting to worldsteel dropped 0.4 percentage points to 79% in March.

Edited by Tracy Hancock
Creamer Media Contributing Editor

Comments

The content you are trying to access is only available to subscribers.

If you are already a subscriber, you can Login Here.

If you are not a subscriber, you can subscribe now, by selecting one of the below options.

For more information or assistance, please contact us at subscriptions@creamermedia.co.za.

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION