Global steel production falls away

Tuesday, 23 June 2015

From the World Steel Association comes the fifth successive month of falls in global steel production in May:

World crude steel production for the 65 countries reporting to the World Steel Association (worldsteel) was 139 million tonnes (Mt) in May 2015, a -2.1% decrease compared to May 2014.

China’s crude steel production for May 2015 was 70.0 Mt, a -1.7% decrease compared to May 2014. Japan produced 8.9 Mt of crude steel in May 2015, a decrease of -7.0% compared to May 2014. South Korea’s crude steel production for May 2015 was 6.0 Mt of crude steel, down by -2.6% compared to May 2014.

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About the author

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.