Displaying items by tag: World Steel Association

Belgium: The World Steel Association (WSA) has published data that shows a 3.4% year-on-year increase in global steel production to 1870Mt in 2019 from 1810Mt in 2018. The figure belies a general decline in production in most regions: excluding China, total production fell by 1.6% year-on-year to 874Mt from 888Mt in 2018. China’s growth was 8.3%, to 996Mt from 920Mt, corresponding to an increase in its share of global production to 53% from 51%. Growth in the Middle East outstripped this at 19% year-on-year, increasing to 45.3Mt in 2019 from 38.0Mt one year previously. The Middle East now controls 2.4% of global steel production, compared to 2.1% in 2018. India and the US also experienced production growths of 1.8% and 1.5% respectively. The WSA expects the steel industry’s performance to have a staying effect on granulated blast furnace slag (GBFS) prices for cement producers in these regions.

Belgium: The World Steel Association (Worldsteel) published its Short Range Outlook (SRO) for 2019 and 2020 on 14 October 2019. It estimates global steel demand growth of 3.9% to 1.78Bnt/yr in 2019, slowing to 1.7% in 2020, with a demand of 1.80Bnt/yr. China leads the field with an estimated 7.8% growth to 900Mt/yr in 2019. Worldsteel named high rates of investment in property as a cause, and forecasted a slowdown to 1.0% in 2020, yielding a demand of 909Mt/yr, as a result of China’s continued economic deceleration.

World: Crude steel production grew by 4.9% year-on-year to 925Mt in the first half of 2019 from 882Mt in the same period in 2018. Data from the World Steel Association shows production increased in Asia and North American, remained stable in the Commonwealth of Independent States (CIS) region but that it fell in the European Union. Of the larger individual steel producing countries gains were reported in China, India and South Korea, but declines were noted in Germany and Japan.

World: Global steel production rose by 4.6% year-on-year to 1.81Bnt in 2018 from 1.73Bnt in 2017. Data from the World Steel Association shows that production rose fastest in the Middle East, Africa and Australasia. Asian production rose by 5.6% to 1.27Bnt and North American production grew by 4.1% to 121Mt. European production remained static at 312Mt, with a slight dip in the European Union (EU) balanced by slight growth in the Commonwealth of Independent States (CIS). China remained the largest steel producing country, with 9.28Mt in 2018. It was followed by India, Japan, the US and South Korea.

Belgium: Data from the World Steel Association shows that world crude steel production rose by 4.6% year-on-year to 882Mt in first half of 2018. The association gathers data from 64 countries. Growth was driven by increases in Asia, where crude steel production rose by 5.2% to 614Mt. Production rose by 1.6% to 87.3Mt in the European Union, by 2.4% to 59Mt in the US and by 2.8% to 50.5Mt in the Commonwealth of Independent States.

Belgium: World crude steel production rose by 4.1% year-on-year to 427Mt in the first three months of 2018, according to data from the 64 countries reporting to the World Steel Association. Asia produced 294Mt of crude steel, an increase of 4.6%. The European Union (EU) produced 43.1Mt, up by 0.9%. North America produced 29.5Mt, an increase of 1.9%.

Brazil: ArcelorMittal Tubarão and Usiminas have been nominated in the Steelie Awards for a steel slag rural road-building project. The steel makers have been put forward for the Excellence in sustainability category of the eight edition of the awards organised by the World Steel Association. The winners will be revealed at the annual dinner of the 2017 General Assembly of the association in Brussels, Belgium on 16 October 2017.

ArcelorMittal’s research and development department developed its Revsol and Revsol Plus products, which turn steel slag into a primary road, car park and storage yard coating, replacing the use of non-renewable sources in road building. The manufacturers say that the product also reduces the need for road maintenance.

Belgium: The World Steel Association (WSA) has forecast that global steel demand will return to growth of 0.4% year-on-year to 1494Mt in 2017. This follows a decrease of 3% in 2015 and a predicted decrease of 0.8% to 1488Mt in 2016. The data is part of the WSA’s Short Range Outlook (SRO) for 2016 and 2017 report.

“The economic environment facing the steel industry continues to be challenging with China’s slowdown impacting globally across a range of indicators contributing to volatility in financial markets, sluggish growth in global trade and low oil and other commodity prices. The global steel market is suffering from insufficient investment expenditure and continued weakness in the manufacturing sector,” said TV Narendran, chairman of the WSA. He added that some emerging economies in South and Southeast Asia show resilient growth and along with the North American Free Trade Agreement (NAFTA) region and the European Union (EU) will support a recovery in 2017.