Steel output rises in China, falls in U.S.
25 August 2016
Steel output rose in China last month, but fell in the United States.
The World Steel Association reported that America produced 6.9 million tons of crude steel in July, a year-over-year decrease of 2.2 percent. China produced 66.8 million tons last month, a 2.6 percent increase as compared to July 2015.
Overall, the world's steelmakers made 133.7 million tons of steel, a 1.4 percent increase as compared to last year, according to the World Steel Association. Steelmakers operated at a capacity utilization of 68.3 percent, which was unchanged compared to a year ago.
In July, steel production rose in Japan, India, South Korea, Turkey, Russia, and Ukraine, according to the World Steel Association. The Ukraine posted the most dramatic gain of 10.5 percent as compared to July 2015.
Steel output fell last month in Germany, the United Kingdom, and Brazil. The U.K. saw the biggest decline at 27.3 percent.
Source : nwitimes.com