Arab Today, arab today global steel output hits record high in march
Last Updated : GMT 23:12:04
Arab Today, arab today
Arab Today, arab today

Global steel output hits record high in March

Arab Today, arab today

Arab Today, arab today Global steel output hits record high in March

London - Arabstoday

Global steel production hit a record monthly high in March as the industry bounces back from a slowdown in demand in the face easing concerns about the outlook for the global economy, data from a producer’s body showed on Friday. Global crude steel production rose to 132 million tonnes in March, up 1.8 per cent compared to the same month last year, data from the World Steel Association showed. Top producer China’s crude steel output for March was 61.6 million tonnes, up 3.9 per cent from the same month last year, while global production for the first quarter was 1.1 per cent higher than the same period last year, at 377 million tonnes. “It is good news that there is an uptick in output in the steel industry. There is a pickup in demand in various parts of the world and, apart from the European Union, people are feeling a bit better about things,” said Peter Fish, managing director at steel consultancy MEPS. “The numbers are more encouraging and things are improving. We think production will rise by 5.5 per cent on the year.” The global crude steel capacity utilisation rate increased to 81.1 per cent, 1.6 per centage points higher than February 2012. Compared to the same period last year, the utilisation ratio in March 2012 decreased by -1.2 per centage points, the data showed. Steel production in Japan, the world’s second-largest steelmaker, rose 2.3 per cent year-on-year to 9.3 million tonnes. In the United States, steel production in March rose 5.4 per cent year-on-year to 7.8 million tonnes. Steel demand in the world largest economy was relatively  strong in the last few months and this has supported steel prices and production levels.

arabstoday
arabstoday

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 global steel output hits record high in march Arab Today, arab today global steel output hits record high in march

 



Arab Today, arab today

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 global steel output hits record high in march Arab Today, arab today global steel output hits record high in march

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 11:09 2017 Sunday ,25 June

HUAWEI P10 the ‘guru’ of portrait shots
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