World crude steel production rises 3.1% in October

by James Moss on November 20, 2009

in Data,Geography,Nerds Only,Spreadsheets

According to data published today by worldsteel, world crude steel production reached 112MT for the first time since August of 2008. The October figure is a 3.1% improvement on September’s output and 13% better than October production last year when the industry was beginning its sharp decline.

China’s month-to-month growth of about 2% was exceeded by growth outside China of about 4%. Developed economies showed a 5% monthly improvement while developing economies outside China improved only 1%. As we near the end of the year, barring some dramatic change in the industry’s progress, it looks like we’ll see a roughly 10% year-on-year drop in world output in 2009 flattered by an 11% increase in Chinese production. The data are in the Nerds spreadsheet below.