Arab Today, arab today world steel output drops after 5 year rise
Last Updated : GMT 02:34:15
Arab Today, arab today
Arab Today, arab today

World steel output drops after 5 year rise

Arab Today, arab today

Arab Today, arab today World steel output drops after 5 year rise

Global steel production slipped back
Paris - AFP

Reflecting a global economic slowdown, worldwide steel production dropped 2.8 percent last year to 1.62 billion tons, just under half of the total produced by China, the World Steel Association said Monday.

Global steel production slipped back after five years of constant rises, with China, easily the world's largest consumer and producer, last year producing 803.8 million metric tons (Mt), down 2.3 percent on 2014.

Its actual share of world output, however, increased by 0.2 percentage points to 49.5 percent.

The rise of China's steel market share comes as competitors accuse Chinese steel firms of dumping their production onto world markets at prices below cost.

Monday's figures took up official Chinese National Bureau of Statistics data released last week which showed Chinese steel output dropping last year for the first time since 1981 in a sector buffeted by overcapacity.

"Crude steel production decreased in all regions except Oceania in 2015." the WSA said following the first overall annual drop since 2009, when overall output stood at 1.24 billion tons.

Last October, the WSA had initially forecast a 1.7 percent rise in world demand for 2015, followed by a 0.7 percent rise this year.

Its next forecasts are due in April. The association estimates it represents more than 150 steel producers covering some 85 percent of world production.

Japan, the world's second largest producer, saw 2015 output slide five percent to 105.2 Mt.

Indian production rose 2.3 percent to 83.2 Mt, propelling it to number three globally with a 5.5 percent share from 5.2 previously while South Korea fell back 2.6 percent to 69.7 Mt to retain a constant overall share.

Asia overall saw production fall 2.3 percent to 1.11 billion tons.

Last year saw EU states produce 166.2 Mt of crude steel, a decrease of 1.8 percent on 2014. Germany dipped just 0.6 percent -- number five producer Russia, a non-EU member, likewise fell just 0.5 percent, to 71/1 Mt -- but Italy and France slumped seven percent.

Spain, however, produced 14.9 Mt in 2015, an increase of 4.4 percent.

The overall EU share was barely changed at 10.2 percent from 10.1 in 2014.

North American production came in 8.6 percent lower at 110.7 Mt, with fourth largest producer the United States seeing production dropping 10.5 percent to 78.9 Mt. That moved the US world share down to 4.9 percent from 5.3.

Leading South American economy Brazil saw production off 1.9 percent to 33.2 Mt.

The overall world steel cacacity utilisation ratio fell to 69.7 percent from 73.4 in 2014.

 

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today world steel output drops after 5 year rise Arab Today, arab today world steel output drops after 5 year rise

 



Arab Today, arab today
Arab Today, arab today Nasima Gamei revives Algerian heritage in jewelries

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives Algerian heritage in jewelries
Arab Today, arab today Saudis await visitors but will they come?

GMT 11:54 2017 Thursday ,23 February

Saudis await visitors but will they come?
Arab Today, arab today Sarah Belamesh designs antiques of "ceramic"

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"
Arab Today, arab today Blind sheikh buried in Egypt

GMT 06:32 2017 Thursday ,23 February

Blind sheikh buried in Egypt
Arab Today, arab today Media host Mona Iraqi stresses her show's success

GMT 15:32 2017 Wednesday ,22 February

Media host Mona Iraqi stresses her show's success
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today To hold social dialogue over secondary school

GMT 07:43 2017 Wednesday ,22 February

To hold social dialogue over secondary school
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Salma Rashid happy for 'A Whisper of Love'

GMT 05:19 2017 Tuesday ,21 February

Salma Rashid happy for 'A Whisper of Love'
Arab Today, arab today Milan laughs while Rome cries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 06:41 2017 Monday ,20 February

Janat pleased for issuing 'Good Morning'

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 20:02 2017 Tuesday ,21 February

Nohan Seyam designs beautiful accessories

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 07:51 2017 Wednesday ,22 February

Mom's immune system accepts babies

GMT 17:46 2017 Saturday ,18 February

Tourist guide reveals methods of tourist attractions

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 12:22 2017 Monday ,20 February

Kanye West puts hijab-wearing model
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday