African Crude Steel Output Surged 22% in November

30 Dec 2017

The world’s largest crude steel producing country-China witnessed 2.2% jump in output during the month. The output by the country totaled 66.151 million tonnes (Mt) as compared with 64.723 Mt during the same month a year before.

SEATTLE (Scrap Monster): The latest monthly crude steel production data released by the World Steel Association (worldsteel) indicates significant jump in crude steel production by African region during the month of November this year. Asia and Middle East regions too reported strong output growth. The African production surged higher by 22%, whereas the Asian and Middle East production jumped higher by 2.8% and 602% respectively.

Africa

The African region’s monthly crude steel production recorded tremendous growth of 22% in November. The region’s total production rose sharply from 973,000 tonnes in November 2016 to 1.187 Mt in November this year. The leading producer in the region was Egypt. The crude steel output by Egypt surged higher by nearly 37% from 428,000 tons to 586,000 tons. The South African steel output too increased by over 10% to 551,000 t. The output by Libya was up by 13%.

The combined steel output by African region during the first eleven-month period of the year totaled 12.359 Mt, led by Egypt whose production totaled 5.798 Mt. The cumulative output by South Africa totaled 5.798 Mt. Meantime, output of 370,000 tonnes by Libya were still down by 16% over the previous year.

Asia

The world’s largest crude steel producing country-China witnessed 2.2% jump in output during the month. The output by the country totaled 66.151 million tonnes (Mt) as compared with 64.723 Mt during the same month a year before. Vietnam’s output totaled 795,000 tons, significantly higher by over 70% when matched with the previous year. Pakistan too reported sharp jump in monthly steel output. The country’s production climbed higher by 37% from 335,000 tons in November 2016 to 460,000 tons in November this year. Thailand too reported 26% surge in output over the previous year.

Meantime, South Korea was the only country in the region to report negative growth. The South Korean crude steel output declined marginally to 5.650 Mt in November 2017. This is when compared with the output of 5.701 Mt in November last year.

The cumulative steel production during the first eleven months through November in 2017 by Asian countries is as follows:- China (764.8 Mt), Japan (95.9 Mt), India (92.5 Mt), South Korea (64.5 Mt), Taiwan (21.3 Mt), Vietnam (8.7 Mt), Pakistan (4.6 Mt) and Thailand (4.1 Mt).

Middle East

The Middle East crude steel production totaled 2.698 Mt, 6.2% higher over the previous year, despite sharp fall in Saudi Arabian output. The region had produced only 2.540 Mt of crude steel during November last year. The UAE too reported reduced output during the month.

The fall in output in Saudi Arabia and the UAE were more than offset by increased production by other countries including Iran and Qatar. Iran’s output surged higher by 24.4% over the previous year, whereas the output by Qatar increased by more than 11% in November.

The cumulative crude steel production by various countries during the initial eleven months of 2017 are as follows:- Iran (19.475 Mt), Saudi Arabia (4.485 Mt), the UAE (3.024 Mt) and Qatar (2.428 Mt).

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