TEL: +27 (0) 11 622 0908
FAX: +27 (0) 11 622 1312
info@abexsteels.com
Welcome .. Bienvenu .. Karibu .. Khala Wolandiridwa .. Mwalandiridwa .. Mwaiseni .. Chewa .. Tilandile .. Tigashire .. Sethule .. Mauya .. Semukele .. Welkom

Global steel production reaches 410Mt in Q1

South Africa produced an estimated 1.56-million tonnes of steel in the first quarter of the year, the World Steel Association(worldsteel) said on Monday.

This was roughly the same as the 1.54-million tonnes produced in the first quarter of 2016 and came on the back of flat year-on-year production in March of 539 000 t.

Total global steel production for the 67 countries reporting to worldsteel reached 145-million tonnes during March, a 4.6% increase, while first quarter production totalled 410.5-million tonnes, up by 5.7% year-on-year.

Asia produced 280.6-million tonnes of steel, a 5.4% increase year-on-year. This was owing to China’s March crude steel production of 72-million tonnes, an increase of 1.8% compared with March 2016. Japan produced 8.9-million tonnes in March, an increase of 1.8%.

The European Union produced 42.5-million tonnes of crude steel in the first quarter, up 3.8% year-on-year, with Germany recording a 1.9% year-on-year increase to 3.9-million tonnes during March, Italy producing 9.5% more crude steel at 2.2-million tonnes and Spain producing 1.4-million tonnes, up 15.7%.

France produced 1.3-million tonnes of crude steel, up by 18.1% compared with March 2016.

The Commonwealth of Independent States produced 25.9-million tonnes of crude steel in the first three months of 2017, an increase of 4% over the same months of 2016.

Turkey’s crude steel production for March was 3.1-million tonnes, up 14%.

North America’s crude steel production reached 29.3-million tonnes, a 7.1% increase.

Source : Engineering News