World Steel Association
Industryweek 8975 062315 World Steel May15

Steel Production Ticks Up Worldwide During May

June 23, 2015
The overall output is up 3.3% from April, but the year-over-year and year-to-date rates are still declining.

Raw steel production totaled 139.3 million metric tons worldwide during May 2015, up 3.2% from April, though 2.1% less than the May 2014 result. The latest figures represent the world’s highest monthly tonnage result to-date during 2015. The five-month total for the current year rose to 675.6 million metric tons — 1.9% less than the comparable result for January-May 2014.

Also during May, raw steel capacity utilization across 65 countries was 72.1%, down 0.4% from the April rate and down 3.4% from the May 2014 rate.

The World Steel Association, a trade association that includes steelmakers from 65 nations, reports data for raw steel production and capacity utilization on a monthly basis.

Chinese steel production continues to represent roughly half of all global steel output, and that nation’s 70.0 million metric tons of raw steel produced during May signaled a 1.5% increase from the April result, but -1.7% decrease compared to May 2014. With 340.2 million metric tons of output during the first five months of this year, China’s steelmakers are 1.6% behind the January-May total for 2014.

For more on this story, read American Machinist, a companion publication of IndustryWeek in the Penton Manufacturing and Supply Chain Group.

Popular Sponsored Recommendations

Global Supply Chain Readiness Report: The Pandemic and Beyond

Sept. 23, 2022
Jabil and IndustryWeek look into how manufacturers are responding to supply chain woes.

Empowering the Modern Workforce: The Power of Connected Worker Technologies

March 1, 2024
Explore real-world strategies to boost worker safety, collaboration, training, and productivity in manufacturing. Emphasizing Industry 4.0, we'll discuss digitalization and automation...

How Organizations Connect and Engage with Frontline Workers

June 14, 2023
Nearly 80% of the 2.7 billion workers across manufacturing, construction, healthcare, transportation, agriculture, hospitality, and education are frontline. Learn best practices...

Transformative Capabilities for XaaS Models in Manufacturing

Feb. 14, 2024
The manufacturing sector is undergoing a pivotal shift toward "servitization," or enhancing product offerings with services and embracing a subscription model. This transition...

Voice your opinion!

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