Tweet about this on TwitterShare on LinkedIn0Share on Facebook0Email this to someone

Worldsteel reported Chinese crude steel production at 72.8 million metric tonnes in April, 4.9% higher than in April 2016. Chinese crude output for the first four months of 2017 was 4.5% higher than in the same period last year.

Chinese net finished steel exports (exports minus imports) in April were 5.4 million tonnes, 32.2% lower than in April 2016. Chinese net finished steel exports over the first four months of 2017 were 30.7% lower than in the first four months of 2016.

China monthly crude steel production
January 2005 to April 2017, thousand metric tonnes


Photo by Anne Isabelle Sigros (photo de chantier) [Public domain], via Wikimedia Commons

{ 0 comments }

Tweet about this on TwitterShare on LinkedIn0Share on Facebook0Email this to someone

Worldsteel published April’s world crude steel production yesterday. World crude steel output was 142.1 million metric tonnes, 5.0% higher than in April 2016. World production for the first four months of 2017 was 5.1% higher than in the same period last year.

China accounted for 51% of world output in April with production of 72.8 million tonnes, 4.9% higher than in April 2016. Outside of China, Asian crude production increased 4.8%, led by Vietnam (+109.9%), India (+4.8%), and Japan (+3.0%). European Union output rose 6.1% compared to last April due to higher output in France (+30.8%) and Germany (8.1%). In the Americas, Brazil showed a 25.9% production increase and output in the US rose 1.8%. Other significant changes compared to last April include higher production in Turkey (+6.5%), Russia (+4.3%) and Iran (+15.0%), as well as lower production in the Ukraine (-28.6%).

All the data for April 2017 and for a number of prior years can be found in the downloadable Nerds spreadsheet below.


Photo by Koyos (Own work) [Public domain], via Wikimedia Commons

{ 0 comments }

Tweet about this on TwitterShare on LinkedIn0Share on Facebook0Email this to someone

Based on reported import licenses, US long steel products imports fell 16% from 552,000 short tons in March to 462,000 tons in April. Long products imports for the first four months of 2017 were 8% higher than in the same period last year led by a 16% increase in rebar imports and an 8% increase in wire rod imports. Parallel flange sections, however, showed a 10% import drop comparing the first four month of 2016 and 2017.

The drop between March and April (bearing in mind the shorter April month) was mainly due to lower rebar imports from Turkey.

SIMA US long products import licenses and actuals
2012 to 2017

short tons


Photo by Tosirog (Own work) [CC BY-SA 3.0 (http://creativecommons.org/licenses/by-sa/3.0)], via Wikimedia Commons

{ 0 comments }

Tweet about this on TwitterShare on LinkedIn0Share on Facebook0Email this to someone

ArcelorMittal released Q1 2017 earnings earlier today. EBITDA per ton shipped rose from $55 last quarter to $96 this quarter. This puts the company right on the average of the companies we track in the spreadsheet below.

{ 0 comments }

Tweet about this on TwitterShare on LinkedIn0Share on Facebook0Email this to someone

Based on reported import licenses, US flat steel products imports rose 13% from 816,000 short tons in March to 924,000 tons in April. Flat products imports for the first four months of 2017 were 4% lower than in the same period last year, with increases in hot dip galvanized (+26%) and cold rolled (+42%) imports, and declines from hot rolled (-29%) and cut plate (-52%) imports.

Imports of all flat products categories rose between March and April 2017 but the highest volume increase came from hot dip galvanized volumes from countries including South Africa, Turkey, and Taiwan.

SIMA US flat products import licenses and actuals
January 2013 to April 2017

short tons


Photo by Andrzej Otrębski (Own work) [CC BY-SA 3.0 (http://creativecommons.org/licenses/by-sa/3.0)], via Wikimedia Commons

{ 0 comments }

Tweet about this on TwitterShare on LinkedIn0Share on Facebook0Email this to someone

Three more companies released Q1 2017 earnings this week. AHMSA’s EBITDA per ton jumped to $53, from a loss of $11 last quarter. Gerdau reported $64 as compared to $39 in the fourth quarter of last year. The biggest improvement was recorded by TimkenSteel: shipments were up 50% in the quarter and EBITDA per ton rose to $46, from a loss of $282 in the final quarter of 2017. The final company we follow, ArcelorMittal, should report next week.

{ 0 comments }