Worldsteel reported crude steel production in China at 64.4 million metric tonnes in December, 5.2% lower than in December 2014. Taking into account Worldsteel year-end revisions, full-year output in 2015 was 2.3% lower in 2015 than it was in 2014.
In addition, Chinese net finished steel exports (exports minus imports) in December were 9.5 million tonnes, 5% higher than in December 2014, while full-year net exports were 26% higher in 2015 than in 2014. Net exports as a portion of full-year crude production rose from 10% in 2014 to 12% in 2015.
China monthly crude steel production 2005 to 2015
(thousand metric tonnes)
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Worldsteel published December and full-year 2015 global crude steel production on January 25th. World crude steel production was 126.7 million metric tonnes in December, 5.7% lower than in December 2014. Full-year 2015 production was 1,623 million tonnes, 2.8% lower than in 2014.
Chinese crude production accounted for 50% of full-year 2015 world output and showed a 2.3% drop between 2014 and 2015, accounting for 41% of the total world decline. Other important changes in full-year output between 2014 and 2015 include a 10.5% drop in output in the US, a 1.8% fall in the European Union 28 countries (driven by declines in Italy, the UK and France), a 15.6% fall in the Ukraine, a 7.4% drop in Turkey and finally, a 5.0% decline in Japan. Indian output, in contrast, grew 2.6% between 2014 and 2015.
All the data for 2015 and for a number of prior years can be viewed in the Nerds spreadsheet below. Note that the monthly production data may not match the annual yearly summary data, particularly in China, due to year-end revisions.
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