The Economy

Third Straight Month of Steel Output Drops

Sept. 24, 2014

Brussels-based World Steel Association reports steel production declined for the third straight month during August to 134,956 million metric tons. However, that total represents a 1.4% increase over August of 2013.

Robert Brooks

Capacity utilization also slipped, but the 74.2% result is 1.4% down from the August 2013 rate.

China's steelmakers YTD have produced 550.1 million metric tons of steel, nearly half of the total worldwide.

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