U.S. steel production rose by 5.6 percent in July
28 August 2017
Steel output in the United States shot up by 5.6 percent year-over-year in July, according to the World Steel Association's monthly survey of 160 of the largest steelmakers in the world, including nine of the 10 biggest.
The 67 countries across the globe that report to the international trade association made 143.2 million tons of steel in July, a 6.3-percent increase compared to July 2016. Steelmakers used an estimated 72.1 percent of their steelmaking capacity utilization, which was 3.2-percent higher than July 2016 but 1.5-percent lower than in June.
China accounted for half of all global production of steel last month. It made 74 million tons of steel in July, a 10.3-percent year-over-year increase, cranking out 10 times more steel than the U.S.
U.S. steelmakers made 7.1 million tons of steel last month, accounting for about 4.9 percent of the world’s total production.
In July, output increased in India, South Korea, Germany, Brazil and Turkey. Most dramatically, it grew by 27.8 percent in Turkey.
Japan was the only major steel-producing country to see a decline in production in July, with a decrease of 4.3 percent.