China, by far and away the world’s largest steelmaking nation, with total output in January amounting to 61.6 million metric tons, continues to cut back its production. Chinese producers’ output fell 1.2% from December, and 3.2% from January 2013.
This decline was a large reason for the 0.4% global decrease in production in January to 129. 8 million metric tons in the 65 countries covered by the World Steel Association’s monthly tally. That new total was 0.4% less than the result for January 2013.
The same group reported that raw steel capacity utilization during January 2014 rose 0.2% from December to 74.4%, which was 2.5% lower than during January 2013.
Read more about global steel production in American Machinist.
American Machinist is an NED companion site within Penton’s Manufacturing & Supply Chain Group.