China crude steel production 59 million tonnes in January

by Jessica Wagner on March 1, 2013

in Data

China crude steel production was 59.3 million metric tonnes in January, 5% higher than in the same month last year. Comparing consecutive months, January production was 1.7 million tonnes higher than December production, a 3% rise. Chinese net exports in January were 3.8 million tonnes, 36% higher than in January 2012 but 0.4% higher than in December 2013.

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World Crude Steel Production 125 million tonnes in January

by Jessica Wagner on March 1, 2013

in Data

Worldsteel published January’s global crude steel production on February 20th. World crude steel production was 124.8 million tonnes in January, 0.8% higher than in January 2012.

Asian production showed a strong increase between January 2012 and January 2013; China’s production increased by 4.6%, India’s by 3.8% and Japan’s by 2.7%. In contrast, the European Union showed a 5.0% decline compared to January 2012, and of all the countries, Italy showed the largest production drop at 19.7%. In addition, US production fell 5.8% and Russian production 5.7% compared to last January.

As usual, all the data for January 2013 (and for a number of prior years) is generously shared in the Nerds spreadsheet below.

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US long products imports climb 86% in January

by Jessica Wagner on February 26, 2013

in Data

Based on reported import licenses and as predicted in my earlier post, US long products imports rose 86% from 162,000 short tons in December to 300,000 tons in January. In comparison, January long products imports in 2012 were 295,000 tons, in 2011 221,000 tons, in 2010 166,000 tons, in 2009 264,000 tons, and finally in 2008 385,000 tons.

Imports of every product category increased, but about 60% of the total rise was due to increased rebar imports from Turkey. Parallel flange sections imports accounted for another 20% of the total rise, which doubled the product category’s import tonnage compared to December and was due mainly to rising imports from Korea.

Mid-month February long product import licenses as reported February 19th were 160,000 tons which is likely to mean that full-month February imports will be at about the same level as January’s.

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ArcelorMittal, Essar Algoma, and SSAB results

by Tony Taccone on February 15, 2013

in Data

More Q4 earnings results have been released. See links to press releases below.

ArcelorMittal achieved EBITDA per ton of $60 during the quarter, almost the same as Q3.  For the full year, ArcelorMIttal’s EBITDA per ton was $77. Essar Steel Agloma recorded positive EBITDA of $15 per ton in the quarter, following a loss of $28 per ton in Q3.  SSAB continued to struggle, with negative EBITDA in Europe more than offsetting positive EBITDA in the US.  Overall SSAB recorded negative EBITDA per ton of $3 in Q4, down slightly from positive $1 in Q3.  More results should be out next week. Look for an update to the Nerds of Steel earnings spreadsheet.

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US flat products imports fall 6% in January

by Jessica Wagner on February 12, 2013

in Data

Based on reported import licenses, US flat products imports declined 6% from 721,000 short tons in December to 681,000 tons in January. January flat products imports were 705,000 tons in 2012, 534,000 tons in 2011, 440,000 in 2010, and 532,000 tons in 2009.

Hot roll imports declined by 23%, which drove the overall fall and was due mainly to lower hot roll imports from Germany. Cut plate and cold roll imports also declined. In contrast, hot dip galvanized imports climbed by over 50% due to higher imports from India, Canada, Korea, China and Mexico.

It is too early to report mid-February licenses but I will update the spreadsheet below when they are available.

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China crude steel production 58 million tonnes in December & 709 million tonnes for 2012

by Jessica Wagner on February 7, 2013

in Data

China crude steel production was 57.7 million tonnes in December, 11% higher than in the same month last year. China’s full-year 2012 production was 708.8 million tonnes, which is 4% higher than 2011 output.

Comparing consecutive months, December production was 0.2 million tonnes higher than November production, but due to the longer December month, average daily production was 3% lower. In addition, Chinese exports fell 4% between November and December and totaled 55.7 million tonnes for the full year 2012. Import data is currently not available.

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