Displaying items by tag: World Steel Association

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.