World Crude Steel Production Up 15% in 2010

Jan. 24, 2011
Major steel-producing regions show double-digit growth.

World crude steel production rose 15% in 2010 with some of the greatest increases coming in Europe and the United States as developed steel-producing nations rebounded from a weak 2009, according to the World Steel Association.

The 1,414 million metric tons recorded in 2010 was an increase set a new record for global crude steel production, the association reports. All the major steel-producing countries and regions showed double-digit growth in 2010.

World crude steel production for the 66 countries reporting to the World Steel Association was 116.2 million metric tons, an increase of 7.8% over December 2009. Worldwide capacity utilization ratio was 1.1 percentage point higher 2010.

In 2010, U.S. crude steel production rose 38.5% to 80.6 million metric tons in 2010. In North America crude steel production increased 35.7% in 2009 to 111.8 million metric tons.

Annual production for Asia rose 11.8%, and its share world steel production increased to 65.5% in 2010 from 63.5% in 2009.

China's crude steel production increased 9.3% in 2010. The country's share of world crude steel production declined to 44.3% in 2010 from 46.7% in 2009.

The EU recorded 24.5% increase in 2010, producing 172.9 million metric tons of crude steel in 2010. However, crude steel production in the United Kingdom and Greece continued to decline in 2010.

Sponsored Recommendations

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!