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World Steel Production Report

ISSB Monthly World Steel Production Review

WORLD STEEL REVIEW, January 2013

Crude steel production in the 62 countries reporting to the World Steel Association totalled 122 million tonnes in November 2012, 5.1% higher than in November 2011. However, the eleven months total was 1,397 million tonnes, just 0.9% higher than the same period last year. Excluding China, the monthly total actually fell by 1.6%, whereas the year to date total decreased by 0.8%.

Steel production in the 27 member countries of the European Union decreased by 5.3% in November 2012 compared to the previous November to 13.5 million tonnes and the eleven months total was 4.8% lower at 157 million tonnes. German production showed a slight drop of 0.2% in November, bringing the eleven months total down 4.1% to 39.6 million tonnes. Production in Italy, on the other hand, fell by 12.9% in November, while the year to date total decreased by 4.5% to 25.5 million tonnes. French steel production fell by 5.4% in the month, while the year to date total only decreased slightly to 14.6 million tonnes. Spanish November production, however, was down by 14.2%, while the eleven months total fell by 13.4% to 12.7 million tonnes. UK monthly steel production increased by 13.5%, bringing the year to date total up 1.7% to 9 million tonnes. The Polish eleven month total fell by 2.7% to 7.8 million tonnes.

In the rest of Europe the largest producer is Turkey, where steel production increased by 4.6% in November, and by 6.5% in the year to date to 33 million tonnes, ahead of the Ukraine and Brazil. The Norwegian eleven months total rose by 16.7% to 646 thousand tonnes, while in Bosnia-Herzegovina the year to date total was up 8.2% to 635 thousand tonnes.

According to ACEA, the European car manufacturers' association, European car registrations fell by 10% in November, and were down by 7.2% in the eleven months. Registrations in Germany, the largest market, decreased by 3.5% in November, and by 1.7% in the year to date to just under 2.9 million cars. French registrations, however, were down by 19% in November and by 13.8% in the eleven months to 1.7 million cars. The UK, on the other hand, showed an 11.3% increase in November, while the year to date total was 5.4% up at 1.9 million cars. In Italy monthly registrations were down by 20% with the year nearly 20% down at 1.3 million cars. The fifth largest market, Spain, was also 20% down in the month and 12.6% down in the year to date at 648 thousand cars, while the Dutch total was down by 10% to 485 thousand cars.

In the CIS countries crude steel production in Russia fell by 0.7% in November bringing the year to date total up 3% to nearly 65 million tonnes. Ukrainian November production was down by 7.9%, making the eleven months total 30.3 million tonnes, a drop of 6.8%. Steel production in Kazakhstan decreased by 14% in the year to date to less than 3.8 million tonnes.

Steel production in the USA fell by 4.8% in November, bringing the year to date total up 3.2% to 81 million tonnes. Canadian production rose by 10.5% in November, and by 5.1% in the eleven months to 12.5 million tonnes. Mexican steel production rose by 11.4% in the month, while the year to date total actually fell by 0.5% to 16.5 million tonnes.

In South America, Brazilian crude steel production rose by 2.4% in November, although the year to date total was down 1.4% to 32 million tonnes compared to last year. Argentinian production in November fell by 18%, bringing the eleven months total down almost 10% to 4.7 million tonnes. Venezuelan crude steel production, on the other hand, was slightly up in the month, although the year to date total was down nearly 20% to 2.3 million tonnes.

Crude steel production in the MENA region was mixed with Iranian production up 12% in November and 10.4% in the year to 13.3 million tonnes. The Egyptian total rose by 15% in the month and by 2.1% in the year to date to 6 million tonnes. However, in South Africa the monthly total fell by 5.6%, although the eleven months total was up by 10% to 6.3 million tonnes. Saudi Arabian production rose by 2.4% in the month resulting in a 1.2% drop in the January to November total to just under 4.8 million tonnes.

In Asia Chinese steel production increased by 13.7% in November, while the eleven months total was up by 2.9% to 660 million tonnes, 47% of the world total. Indian steel production increased by 6.6% in the month, and by 4.2% in the year to date to 70 million tonnes. Japanese production actually fell by 2.3% in November, while the year to date total was down by 0.5% to just under 99 million tonnes. South Korean steel production was also down by 2.7% in the month, but rose by 1.6% in the year to date to over 63 million tonnes. Taiwanese steel production, however, fell by 13% in November and by 11% in the January to November period to 18.7 million tonnes.

Chinese exports of steel in November topped 5 million tonnes, and although it was not the highest monthly total in 2012, it was 22% above November 2011. Steel exports in the first 11 months of 2012 were 13% above the January to November total in 2011. Although China's largest steel export is coated sheet and strip which was 9.9 million tonnes in 2012 (1.2% down on the same period in 2011), the large increases were in exports of wire rod (up 80% to over 5 million tonnes) and also hot rolled bars (up 83% to 5 million tonnes). Exports of hot rolled wide strip increased by 11.6% to 5.5 million tonnes and seamless tubes were up 9% to 4.8 million tonnes.

The large increase in Chinese exports of bars and rods went primarily to other Asian countries, 78% of the total, with South Korea, Singapore and Thailand being the largest markets. Outside of Asia, the USA was the largest market followed by Saudi Arabia.

Phil Hunt
ISSB Ltd



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Oct 2011 Jan 2012 Apr 2012 Jul 2012 Oct 2012
Nov 2011 Feb 2012 May 2012 Aug 2012 Nov 2012
Dec 2011 Mar 2012 Jun 2012 Sep 2012 Dec 2012




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