June 2008 Crude Steel Production
Brussels, 18 Jul 2008 World crude steel production for the 66 countries reporting to the International Iron and Steel Institute (IISI) was 118.8 million metric tons (mmt) in June. This is 5.9% higher than the same month last year. Total world crude steel production was 696 mmt in the first half of 2008, a 5.7% increase over the same period in 2007. In the first six months of 2008, China produced 263.2 mmt of crude steel, an increase of 9.6% compared to the same period in 2007. Chinas crude steel production for June 2008 was 46.9 mmt, an increase of 10.2% on June 2007. Overall, Asia produced 68.3 mmt of crude steel in June 2008 compared to 62.8 mmt in June 2007, an 8.7% increase in crude steel production. READ MORE...
Steel Statistics 2008
Brussels, 18 Jul 2008 Total world crude steel production was 696 mmt in the first half of 2008, a 5.7% increase over the same period in 2007. READ MORE
IISI Short Range Outlook
Brussels, 14 Apr 2008 The International Iron and Steel Institute (IISI) forecasts 2008 will still be another strong year for the steel industry with apparent steel use rising from 1,202 million metric tons (mmt) in 2007 to 1,282 mmt in 2008, an increase of 6.7%. New projections for 2009 suggest a global growth rate of 6.3%.
The IISI Executive Committee reviewed the forecasts at its meeting in St Petersburg. Commenting on the forecasts, Ku-Taek Lee, IISI Chairman said: The underlying assumption behind this forecast is that although some weakening in the US and EU economies is expected, demand for steel will remain healthy thanks in part to the emerging markets which will maintain their own dynamism.
The BRIC (Brazil, Russia, India and China) countries will again be leading the growth with an expected increase of 11.1% for 2008 and 10.3% for 2009.
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