World crude steel production for the 66 countries reporting to the World Steel Association (worldsteel) was 132.4 million tonnes (Mt) in November 2016, 5.0% up on November 2015.
China’s crude steel production for November 2016 was 66.3 Mt, an increase of 5.0% compared to November 2015. Elsewhere in Asia, Japan produced 8.6 Mt of crude steel in November 2016, a decrease of -1.4% compared to November 2015.
In the EU, Germany produced 3.3 Mt of crude steel in November 2016, a decrease of -4.2% compared to November 2015. Italy produced 2.1 Mt of crude steel, up by 11.2% on November 2015. France produced 1.3 Mt of crude steel in November 2016, up by 11.8% year-on-year.
Turkey’s crude steel production for November 2016 was 2.9 Mt, up by 10.4% on November 2015.
In November 2016, Russia produced 6.0 Mt of crude steel, up by 5.0% on November 2015. Ukraine produced 2.0 Mt of crude steel, up by 3.1% compared to the same month in 2015.
The United States produced 6.2 Mt of crude steel in November 2016, an increase of 6.8% compared to November 2015.
Brazil’s crude steel production for November 2016 was 2.4 Mt, down by 4.8% on November 2015.
The crude steel capacity utilisation ratio of the 66 countries in November 2016 was 69.6%. It was 67.1% in November 2015. The November 2016 capacity utilisation ratio is 0.1 percentage point lower than the October 2016 ratio.
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.
