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Steel Production Keeps Increasing

Steel production remains strong domestically and abroad.

Domestic raw steel production was up 4.4 percent for the year-to-date through March 25, according to American Iron and Steel Institute statistics. Capability utilization was at 73.4 percent compared with 71.3 percent a year ago.

World crude steel production increased 4.1 percent to 126.6 million tonnes (Mt) in February from the same period in 2016, the World Steel Association (worldsteel) reported. A 4.6 percent increase in production in China contributed to the overall increase. 

The US produced -1.0 percent less, 6.4 Mt in total, of crude steel in February than it did last year. There were 29 days in February 2016.

Steel production increased by:

  • 24.7 percent in Oceania;
  • 18.2 percent in Africa;
  • 15.8 percent in Other Europe countries;
  • 5.7 percent in the Middle East;
  • 5.1 percent in Asia; and
  • 1.5 percent in South America.

Steel production was flat (0.0 percent) in the Commonwealth of Independent States (CIS) and North America. It decreased by -0.6 percent in the European Union.

Capacity utilization among the 67 countries that report to worldsteel was 70.3 percent in February, which was 4 percentage points higher than a year ago and 1.1 of a percentage point more than in January.

Year-to-date, global steel production was up 5.8 percent through February, worldsteel reported.


Photo courtesy of worldsteel

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Upon receiving feedback from the client and working with dozens of others, we realized that we had created a product that stood out among the competition, so we brought our solution to the marketplace as Scrapyard Pro. It is now used at recycling centers across the country, by clients ranging from single-location owners to regional operators.