World’s about 65 countries have accounted for the Crude Steel production of about 130 MnT for Jan, 2014; less by 0.4 percent as compared to Jan, 2013.
China is the leading producers of Crude Steel with overall output of 61.6 MnT in Jan, 2014. Although the country’s output has declined by 3.2 percent as compared to the production of 63.6 MnT in Jan, 2013. One of the major reasons for low productions might be New Year celebrations going on in the country.
Japan is 2nd in the leading steel producers of the world with an overall output of 9.4 MnT Crude Steel in Jan, 2014. Its monthly production witnessed a growth of 6.1 percent as compared to 8.9 MnT produced in Jan, 2013.
USA, the 3rd largest Crude Steel producers in world produced about 7.3 MnT in Jan, 2014 reporting a decline of 0.5 percent as compared to 7.4 MnT produced in Jan, 2013.
India’s overall Crude Steel production for the month of Jan, 2014 stood at 6.9 MnT ranking fourth among the top ten producing countries in the world. Major contributors of Indian Steel industry are the behemoths such as JSPL, JSW, SAIL, Tata Steel and Essar Steel. The country’s Crude Steel output in Jan, 2013 was also at 6.9 MnT thus witnessing no change in production.
Following the top ten leading list after India were countries as South Korea with 6 MnT, Russia 5.9 MnT, Germany 3.7 MnT, Turkey 2.8 MnT, Brazil 2.7 MnT and Ukraine 2.5 MnT of Crude Steel output in Jan, 2014. However, Ukraine’s production for the month of Jan, 2014 has declined by 13.5 percent bringing its position to tenth from the earlier 8th in Jan, 2013.
Overall world’s Crude Steel’s capacity utilization ratio in Jan, 2014 was 74.4 percent less by 2.5 percent as compared to Jan, 2013 and about 0.2 percent more than Dec, 2013.