World Crude Steel Output Remains Stable in Aug'19

As per recently released data by the World Steel Association (WSA) total crude steel production of 64 steel manufacturing countries remained largely stable on a monthly basis and stood at 156.038 MnT in Aug'19 as compared to 156.697 MnT in Jul'19.

Meanwhile on a yearly premise world steel output increased by 3% in Aug'19 in comparison to 150.855 MnT in Aug'18.

However, in the first eight months of (Jan-Aug) CY'19 world steel output stood at 1,240.286 MnT; registering an increase of 4% against 1,187.772 MnT in a similar time frame of the previous year.

SteelMint has analyzed the world's crude steel production numbers of major steel-producing countries-

China's crude steel output inched up by 2% M-o-M in Aug'19- China crude steel output moved up by 2% to 87.251 MnT in Aug'19 against 85.223 MnT in Jul'19.

However on a yearly premise, the same witnessed increase by 9% in Aug'19 in comparison to 79.834 MnT in Aug'18.

In the first eight months (Jan-Aug) of CY'19 nation's crude steel output rose by 9% to 664.869 MnT which was 609.362 MnT in Jan-Aug'18.

India's crude steel output rises marginally by 2% M-o-M in Aug'19- As per WSA (World Steel Association), India's crude steel output inched up by around 2% to 9.350 MnT in Aug'19 against 9.215 MnT in the preceding month.

However on a yearly basis, the same inched up by around 2% in Aug'19 against 9.208 MnT in Aug'18.

In the first eight months (Jan-Aug) of CY19 nation's crude steel output marginally up by 4% to 75.697 MnT as against 72.497 MnT in Jan-Aug'18.

Japan's crude steel output down by 3% M-o-M in Aug'19- Japan crude steel output stood at 8.116 MnT in Aug'19 fell by 3% M-o-M basis as compared to 8.387 MnT in the previous month.

However on a yearly basis, the same declined by 8% in Aug'19 in comparison to 8.806 MnT in Aug'18.

In the first eight months (Jan-Aug) of CY'19 nation's crude steel output inched down by 4% to 67.589 MnT which was 70.193 MnT in a similar time frame of the previous year.

United States crude steel output remains stable M-o-M in Aug'19- USA crude steel output stood at 7.497 MnT in Aug'19 remained largely stable as against 7.514 MnT in the previous month.

On a yearly premise, the same remained largely stable in Aug'19 as compared to 7.477 MnT in Aug'18.

In the first eight months (Jan-Aug) of CY'19 nation's crude steel output up by 4% at 59.229 MnT against 56.919 MnT in Jan-Aug'18.

Crude steel production of other top steel-producing countries in Aug'19 is as follows Russia: 5.900 MnT, South Korea: 5.941 MnT, Germany at 3.266 MnT, Turkey 2.634 MnT, Brazil: 2.524 MnT, and Iran is 2.200 MnT.

Performance of major crude steel-producing nations in (Jan-Aug) CY'19:

Qty in MnT
Source: WSA Report; SteelMint Research