Global Steel Output Steadily Rising Through 3Q
Total raw steel production for 66 countries was 141.4 million metric tons in September 2017, +5.6% over September 2016.
Through three quarters of 2017, global steel production has risen more than 5.2% over the comparable period of 2016, reconfirming the indicators that global steel consumption has resumed a more normal pattern and that the industry has regained the stability it lacked over the previous three years. During September, steel production across 66 countries totaled 141.4 million metric tons, according to the World Steel Assn., down 2.3% from August production but 5.56% higher than September 2016 production.
Through September, the world’s steelmakers have produced 1.27 billion tons of raw steel, over 60 million tons more than were produced from January to September 2016. It also reported that global capacity utilization during the same period was 73.5%, 0.6% higher than the August result and 2.8% higher than September 2016 capacity utilization.
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