World steel production - monthly commentary - ISSB.
sotn

World Steel Production Report

ISSB Monthly World Steel Production Review

WORLD STEEL REVIEW, February 2011

The World Steel Association estimated global crude steel production to be 1414 million tonnes in 2010, 15% up on the annual 2009 total of 1229 million tonnes and the highest total ever. However, China accounted for 44% of this total, and the annual total excluding China rose by 20% compared to 2009. The higher rise by countries other than China was helped by a 25% rise in Japan's crude steel production and a 38.5% increase in the US total. The December crude steel production for the 66 monthly reporting countries increased by 7.8% to 116 million tonnes.

European Union
Total crude steel production for the 27 countries of the European Union in December was 8.4% up, while the annual total rose by 24.5% to 173 million tonnes, 12.2% of the world total. The 2010 total was still 18.6% below the peak year of 2007. Germany made 25% of the EU total at 43.8 million tonnes, a jump of 34% on 2009, with the December total up by 4.6%. Italian steel production was 31.6% up in December with an increase of 30% in the year to 25.8 million tonnes. Spanish December production only showed a slight increase, bringing the year to date total up 13.6% to 16.3 million tonnes. French steel production rose by 2.2% in December making the year total 15.4 million tonnes which was 20% higher than in 2009. Steel production in the UK, however, fell by 32% in December bringing the year to date total down by 3.7% to 9.7 million tonnes. The 12 months total in Belgium rose by 43.5% to 8.1 million tonnes, just ahead of the Polish total of 8.0 million tonnes which was up by 12.3%.

Other Europe
In Turkey, the largest West European steel producer outside the European Union, crude steel production was 29 million tonnes, an increase of 14.6% compared to 2009, while the December total increased by 26.5%. Turkey was the seventh largest steel exporter in 2010, although its exports fell by 6.8% compared to 2009. This was because exports of rebar fell from 8.6 to 6 million tonnes. Switzerland's annual steel production was just over 1.3 million tonnes, 42.5% up on the previous year, while Serbian steel production was just under 1.3 million tonnes in 2010, 18% higher than in 2009. Norway's total actually fell by 13% to 514 thousand tonnes. However, Bosnia's annual total was 14% up at 593 thousand tonnes.

European car registrations decreased by 5% in 2010 compared to the previous year according to ACEA, at 13.8 million cars, down from 14.5 million. German registrations, however, decreased by 23% to 2.9 million cars, while the French total fell by 2.2% to 2.25 million cars. Italian registrations were 9.2% down at just under 2 million cars, while in the UK registrations actually rose by 1.8% to 2.0 million cars. Spanish registrations also increased by 3% to 982 thousand cars. These five countries accounted for 74% of the European total.

The CIS countries
The countries of the former USSR showed an increase of 11% in crude steel production with the overall total up to 108 million tonnes, 7.7% of world production. Russian steel production was only 7.4% higher in December, although the year to date total was 11.7% up at 67 million tonnes making it the fourth largest producer in the world just ahead of India. Ukrainian December production increased by 11% bringing the annual total up by 12.4% to 33.6 million tonnes. Steel production in Kazakhstan rose by 4.1% in 2010 to 4.3 million tonnes, with production in Belarus up 5% to 2.5 million tonnes.

North America
North America accounted for 7.9% of the world's total, with production in the USA increasing by 38.5% in the year to date to 80 million tonnes. The US December production showed an increase of 15% on December 2009. Canadian annual crude steel production was 40% up at 13 million tonnes, while the December month total was up by 16.6%. Mexican December production rose by 22%, and the year total also increased by 22% to 17 million tonnes. In Trinidad and Tobago the annual total rose by 37% to 572 thousand tonnes.

South America
In South America, crude steel production actually fell by 4% in December, with the full year up 16% to 43.8 million tonnes, 3.1% of world production. Brazilian annual steel production rose by 24% to 32.8 million tonnes, but the December total fell by 6.7%. Argentinian steel production rose by 5% in the month, but the annual total was up by 28% to 5.1 million tonnes. Venezuelan production, however, was down 16% in December, bringing the annual total down by 41% to 2.2 million tonnes. Annual steel production in Colombia increased by 15% to 1.2 million tonnes, while in Chile it actually fell by 24% to just under one million tonnes. In Peru steel production was 22.5% up at 879 thousand tonnes.

Africa and the Middle East
Steel production in Africa and the Middle East accounted for 2.6% of the world total. African production was 15% up at 17.5 million tonnes in 2010, while in the Middle East it rose by 11% to 19.6 million tonnes. Iran was the largest producer in the region with production increasing by 10% to 12 million tonnes. South Africa's steel production rose by 13% to 8.5 million tonnes. Egypt's annual total showed an increase of 20% to 6.7 million tonnes, while Saudi Arabian steel production only rose by 7% to 5 million tonnes. Qatar made 2 million tonnes of steel in 2010, 36% up on the previous year. Libya's production fell by 10% to 825 thousand tonnes, while the total for Algeria total jumped by 85% to 715 thousand tonnes.

Asia
Crude steel production in the Asian countries increased by 6.2% in December, and by 11.6% in the year to 898 million tonnes, 63.5% of world production. China's December production was 6.3% up, bringing the year to date total up by 9.3% to nearly 627 million tonnes, the highest annual crude steel production ever. Japan's annual crude steel production was 25% up at 109.6 million tonnes, while the monthly total increased by 2.5%. India increased its annual production by 6.4% to nearly 67 million tonnes, just a little less than the Russian total. India's monthly total, however, was actually down 1.8%. Korean steel production in December rose by 24%, but the year to date total increased by 20% to 58.5 million tonnes in 2010. Crude steel production in Taiwan rose by 4% in December, and by 24% in the year to 19.6 million tonnes. Australia's annual total increased by 39% to 7.3 million tonnes.

Trade in steel significantly increased in 2010 compared to 2009 with Japanese exports rising by 28% to 42.7 million tonnes, and Chinese exports increasing by 74% to 41.6 million tonnes. The third largest exporting country, Russia, exported 28.5 million tonnes of steel, a rise of just 3.3%. One of the few countries whose steel exports declined was Turkey where they fell by 6.8% to 16.2 million tonnes. UK exports are also forecast to decline by 2% in 2010.

Japanese steel exports in 2010 reached their highest level ever at 42.7 million tonnes, of which 83% went to other Asian countries, up from 66% the year before. South Korea was their largest market taking 10.9 million tonnes followed by China at 7.4 million tonnes; Thailand was the third largest market at 4.8 million tonnes. Hot rolled wide coil accounted for over one quarter of the steel exported and coated sheet and strip a further 14%. CR exports were 12.7% of the total and semis accounted for 12%.

Chinese exports were only just below Japan's at 41.6 million tonnes. Only 57% of Chinese exports went to other Asian countries, although this was up from 31.6% in 2009. South Korea was by far their largest market at 8.4 million tonnes followed by India at 3.4 million tonnes. The European Union accounted for a further 3.8 million tonnes, 9% of the total, and the Middle East took 3.4 million tonnes, some 8% of the total.

Phil Hunt
ISSB Ltd



Download previous world steel production reviews from ISSB

Acrobat pdf files
Nov 2009 Feb 2010 May 2010 Aug 2010 Nov 2010
Dec 2009 Mar 2010 Jun 2010 Sep 2010 Dec 2010
Jan 2010 Apr 2010 Jul 2010 Oct 2010 Jan 2011




Click here to request further steel information from the ISSB
or call +44 20-7343-3916 and ask for Phil Hunt

or for an indication of charges for steel trade statistics
download ISSB price list