Worldsteel published July’s world crude steel production on August 20th. World crude steel production was 133.2 million metric tonnes, 3.9% lower than in July 2014. World output for the first 7 months of 2015 was 2.0% lower than in the same period last year.

China accounted for 49% of world production in July with output of 65.8 million tonnes, down 4.6% compared to July 2014. Another significant decline in Asia included a 4.9% production drop in Japan. And while the European Union Countries showed a 0.3% increase from last year, Italian output fell by 11.6%. Other notable changes between July 2014 and July 2015 included a 10.4% drop in Turkey, a 24.1% fall in the Ukraine, and a 9.1% decline in the United States.

All the data for July 2015 and for a number of prior years can be found in the Nerds spreadsheet below.

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Based on reported import licenses, US long products imports increased 19% from 359,000 short tons in June to 427,000 tons in July. Long products imports in July 2014 were 314,000 tons and in July 2013 they were 319,000 tons. Longs imports for the first 7 months of 2015 were 12% higher than in the same period last year.

The increase in long products imports in July was driven by higher rebar imports from Turkey, and despite a significant drop in rebar imports from Japan.

Long products licenses for August as reported mid-month on August 18th were 276,000 tons, which is likely to mean that full-month August imports will be a bit higher than July’s.

SIMA US long products imports licenses and import actuals
2012 to 2015

short tons

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After an extended hiatus, we are reintroducing the Nerds of Steel earnings spreadsheet, which tracks EBITDA and operating income per ton for major NA steel producing companies.  We will update the spreadsheet and chart on a quarterly basis.  The chart below shows EBITDA per ton for Q1 and Q2 2015 by company.  The spreadsheet behind the graph contains the supporting data, for 2015 and prior years.  Hope this is useful to our readers.

2015 EBITDA per ton

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Based on reported import licenses, US flat products imports rose 6% from 1,076,000 short tons in June to 1,140,000 tons in July. Flat products imports in July 2014 were 1,359,000 tons and in July 2013 they were 678,000 tons. Imports of flat products over the first 7 months of 2015 were 12% higher than in the same period last year, with cut plate imports up 14%, hot roll imports up 8%, cold roll imports up 12%, and hot dip galvanized up 20%.

The rise in flat products imports between June and July was mainly due to higher hot dip galvanized and cold roll imports, in both cases with increased volume mainly from China.

I will update the chart below to show mid-August licenses when the figures are published the week of August 17th.

SIMA US import licenses and actuals, flat products
July 2012 to July 2015

short tons

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Worldsteel reported Chinese crude steel production at 68.9 million metric tonnes in June, 0.8%% lower than in June 2014. Chinese crude output in the first 6 months of 2015 was 1.0% lower than in the same period last year.

China’s net finished steel exports (exports minus imports) in June were 7.7 million tonnes, 30% higher than in June 2014. Net exports for the first 6 months of 2015 were 36% higher than in the first six months of 2014.

China monthly crude steel production
January 2005 to June 2015

thousand metric tonnes

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Worldsteel published June’s world crude steel production today. World crude steel production was 135.6 million metric tonnes, 2.4% lower than in June 2014. World output for the first 6 months of 2015 was 1.9% lower than in the same period last year.

China accounted for 51% of world production in June with output of 68.9 million tonnes, down 0.8% compared to June 2014. There were significant production declines elsewhere in Asia, including a 6.2% drop in Japan, a 25.5% fall in Taiwan, and 3.5% reduction in South Korea. While the European Union countries in total showed a production increase of 1.7%, German output was up 5.8% compared to June last year and Italian production fell 11.4%. Other notable changes between June 2014 and June 2015 include a 7.5% drop in Russia, a 21.8% fall in the Ukraine, and an 8.5% decline in the US.

All the data for June 2015 and for a number of prior years can be found in the Nerds spreadsheet below.

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Based on reported import licenses and after a fall of about 30% in May, US long products imports were basically flat in June, falling 1% from May’s 362,000 short tons to 357,000 tons. Long products imports in June 2014 were 381,000 tons and in June 2013 they were 287,000 tons. Long products imports for the first 6 months of 2015 were 8% higher than in the same period last year.

June’s imports showed little change as a total of all long products because a fall in rebar imports offset a rise in imports of wire rod and other products. Rebar imports fell mainly from Japan and Korea while wire rod imports rose mainly from Japan.

I will update the chart below to show mid-July licenses when the figures are published this week.

SIMA US long products import licenses and import actuals
2012 to 2015

short tons

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Based on reported import licenses, US flat products imports fell 8% from 1,160,000 short tons in May to 1,061,000 tons in June. Flat products imports in June 2014 were 1,160,000 tons and in June 2013 they were 607,000 tons. Imports of flat products for the first 6 months of 2015 were 18% higher than in the same period last year, with cut plate imports up 23%, hot roll up by 17%, cold roll up by 13%, and hot dip galvanized up by 21%.

The fall in flat products imports between May and June was mainly due to lower hot dip galvanized imports and cold roll imports. Hot dip volumes fell mainly from China but also from Italy and despite a rise from India. Cold rolled imports fell significantly from China and Russia.

I will update the chart below to show mid-July licenses when the figures are published the week of July 13th.

SIMA US import licenses and actuals, flat products
June 2012 to June 2015

short tons

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