World crude steel production for the 66 countries reporting to the World Steel Association (worldsteel) was 128 million tonnes (Mt) in January 2016, a -7.1% decrease compared to January 2015.
China’s* crude steel production for January 2016 was 63.2 Mt, a decrease of -7.8% compared to January 2015. Elsewhere in Asia, Japan produced 8.8 Mt of crude steel in January 2016, a decrease of -2.8% compared to January 2015. India’s crude steel production was 7.4 Mt, a decrease of -1.2% compared to January 2015. South Korea produced 5.7 Mt of crude steel in January 2016, down by -4.5% on January 2015.
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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.
