World crude steel production for the 65 countries reporting to the World Steel Association (worldsteel) was 133 million tonnes (Mt) in July 2015, a -3.8% decrease compared to July 2014.
China’s crude steel production for July 2015 was 65.8 Mt, down by -4.6% compared to July 2014. Japan produced 8.8 Mt of crude steel in July 2015, a decrease of -4.9% compared to July 2014. India’s production was 7.7 Mt, up by 1.2% on July 2014.
In the EU, Germany produced 3.6 Mt of crude steel in July 2015, an increase of 4.7% compared to July 2014.
Turkey’s crude steel production for July 2015 was 2.5 Mt, down by -10.4% on July 2014.
In July 2015, Russia produced 6.0 Mt of crude steel, down by -2.8% over July 2014. Ukraine produced 1.9 Mt of crude steel, a decrease of -24.1% compared to the same month in 2014.
The US produced 7.0 Mt of crude steel in July 2015, down by -9.1% compared to July 2014.
Brazil’s crude steel production for July 2015 was 2.9 Mt, a decrease of -3.1% on July 2014.
In the Middle East, Iran produced 1.3 Mt of crude steel in July 2015, down by -1.3% compared to the same month last year.
The crude steel capacity utilisation ratio for the 65 countries in July 2015 was 68.4%. This is -4.2 percentage points lower than July 2014. Compared to June 2015, it is -3.8 percentage points lower.
Remind me of how much global iron ore production is increasing again?
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal.
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.
