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.
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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
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Worldsteel reported Chinese crude steel production at 72.0 million metric tonnes in March, 1.8% higher than in March 2016. Chinese crude steel output for the first quarter of 2017 was 4.4% higher than in the same period last year.
China’s net finished steel exports (exports minus imports) in March were 6.3M tonnes, 28.1% lower than in March 2016. China’s net finished steel exports during the first quarter of 2017 were 30.3% lower than in the first quarter of 2016.
China monthly crude steel production
January 2005 to March 2017, thousand metric tonnes
Photo by foxmachia (originally posted to Flickr as 4.24 Expo Scene) [CC BY-SA 2.0 (http://creativecommons.org/licenses/by-sa/2.0)], via Wikimedia Commons
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Worldsteel published March’s world crude steel production on April 24th. World crude steel output was 145.0 million metric tonnes, 4.6% higher than in March 2016. World production in the first quarter of 2017 was 5.6% higher than in the same period last year.
China accounted for half of world output in March with production of 72.0 million tonnes, 1.8% higher than in March 2016. But Asian crude output outside of China rose 7.7%, led by year-on-year increases in India (+8.2%), Vietnam (+126.8%), and South Korea (+6.4%). European Union production compared to last March rose 6.7% due to increases mainly from France, Italy and Spain, while Turkish output rose a significant 14.0%. In the Americas, production increased in Mexico (+35.7%), Canada (+13.7%), the US (3.4%), and Brazil (13.7%). And finally, Irananian output increased by 18.3% compared to last March.
All the data for March 2017 and for a number of prior years can be found in the Nerds spreadsheet below.
Photo by Paul Goyette (http://www.flickr.com/photos/pgoyette/199492120/)[CC BY-SA 2.0 (http://creativecommons.org/licenses/by-sa/2.0)], via Wikimedia Commons
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