Production of crude steel, a key breakbulk cargo, in the 66 countries that report to the World Steel Association increased 3 percent from September to October, or to 112,177 million metric tons from 108,816 mmt.
However, total global steel production for the ten months through October lagged 13.5 percent, reaching only 982,143 mmt compared to 1,135,544 during the same period of 2008.
Chinese steel production during the first ten months of 2009 was 472,474 mmt, an increase of 10.5 percent over the same period in 2008. China’s ten-month 2009 total accounted for 48 percent of the global total for the period.
Japan accounted for about 7 percent of the global total; Russia, about 5 percent; India, about 5 percent; the U.S., about 5 percent; South Korea, about 4 percent; and the EU, about 11 percent.
From September to October 2009, Chinese production increased slightly, to 51,747 tons from 51,711. European Union steel production was up slightly from September to October, to 14,126 mmt from 13,307. North American production was also up slightly, to 5,921 mmt from 5,776 mmt, according to the WSA.
Source: Journal Of Commerce
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