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Worldsteel reported Chinese crude steel production at 66.2 million metric tonnes in November, 2.2% higher than in November 2016. Chinese crude output over the first eleven months of 2017 was 5.3% higher than in the same period last year.

Chinese net finished steel exports (exports minus imports) in November were 4.2 million tonnes, 39.9% lower than in November 2016. Chinese net finished steel exports over the first eleven months of 2017 were 35.1% lower than in the first eleven months of 2016.

China monthly crude steel production
January 2006 to November 2017, thousand metric tonnes


Bloom heat in furnace
Photo from Worldsteel Association Image Library by Worldsteel/ Shawn Koh, Image Ref: worldsteel_Baotou_China_Steelmaking.jpg

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Worldsteel published November’s world crude steel production on December 20th. World crude steel output was 136.3 million metric tonnes, 3.7% higher than in November 2016. World production for the first eleven months of 2017 was 5.2% higher than in the same period last year.

China accounted for 49% of world output in November with production of 66.2M tonnes, 2.2% higher than in November 2016. Also in Asia, Indian production rose 4.2% and Vietnamese output increased 70.2% compared to last November. Production in the European Union rose 3.2%, driven by Spain (+18.0%) and Germany (+4.5%), and further to the East, Turkish output was up 7.0%. In the Americas, production increased significantly in Canada (+32.0%), the US (+8.5%) and Brazil (+15.3%). And in the Middle East, output in Iran increased 24.4% while Saudi Arabian production fell 45.8%.

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


Steel slab being cut in the casting process
Photo from Worldsteel Association Image Library by worldsteel / Gregor Schläger, image ref: worldsteel_thyssenkrupp-steel_germany_casting_1.jpg

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Based on reported import licenses, US long steel products imports fell 28% from 322,000 short tons in October to 233,000 tons in November. The month-on-month decline was due to lower wire rod, rebar, and parallel flange sections imports. Wire rod imports fell from countries including Egypt and Vietnam, while rebar imports fell significantly from Turkey and Peru, and parallel flange sections dropped from South Korea.

Long products imports over the first eleven months of 2017 were 9% lower than in the same period last year, led by a 27% drop in rebar imports.

SIMA US long products import licenses and actuals
2012 to 2017

short tons


Photo by Ævar Arnfjörð Bjarmason and licensed via Wikimedia Commons under the Creative Commons Attribution-ShareAlike 3.0 License.

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Based on reported import licenses, US flat steel products imports dropped 11% from 897,000 short tons in October to 799,000 tons in November. Flat products imports for the first eleven months of 2017 were 3% lower than in the first eleven months of 2016. However, comparing January to November 2017 to the same period in 2016 by product category, the decline in cut plate (-37%) and hot rolled (-17%) imports offset a rise in cold rolled (+18%) and hot dip galvanized (+15%) imports.

Imports fell between October and November in all flat product categories but particularly in cold rolled products where imports dropped significantly from Russia and Turkey.

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

short tons


Cold rolled coils in storage
Photo from Worldsteel Association Image Library by worldsteel / Seong Joon Cho, image ref: worldsteel_posco_south-korea_final-product_9.jpg

 

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Worldsteel reported Chinese crude steel production at 72.4 million metric tonnes in October, 6.1% higher than in October 2016. Chinese crude output over the first ten months of 2017 was 5.6% higher than in the same period last year.

Chinese net finished steel exports (export minus imports) in October were 4.0 million tonnes, 39.1% lower than in October 2016. Chinese net finished steel exports over the first ten months of 2017 were 34.7% lower than in the first ten months of 2016.

China monthly crude steel production
January 2006 to October 2017, thousand metric tonnes


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

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Worldsteel published October’s world crude steel production yesterday. World crude steel output was 145.3 million metric tonnes, 5.9% higher than in October 2016. World production for the first ten months of 2017 was 5.3% higher than in the same period last year.

China accounted for half of world output in October with production of 72.4 million tonnes, 6.1% higher than in October 2016. Outside of China, Asian production also increased significantly in India (+5.3%), South Korea (+4.0) and Vietnam (+75.2%). European Union production rose 3.4% on October last year, while Turkish output increased 11.1%. In the CIS, Russian crude production rose 5.0% and in the Middle East, Iranian output increased 24.2% compared to October 2016. In the Americas, production in the US rose 12.0%.

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


Rails ready for transportation
Photo from Worldsteel Association Image Library
by worldsteel/ Shawn Koh, image ref:
worldsteel_Baotou_China_Final Product_5.jpg

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