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World Crude Steel Output Increases 15% in 2010
Jan 24, 2011
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World crude steel production increased 15% in 2010 compared to 2009, reaching a new record high of 1,414 million metric tons (mmt) for the year, according to the World Steel Association.

All major steel-producing countries and regions showed double-digit growth in 2010. World Steel said the EU and North America had higher growth rates due to the lower base effect from 2009 while Asia and the CIS recorded relatively lower growth.

In December 2010, world crude steel production for the 66 countries reporting to the association was 116.2 mmt, an increase of 7.8% compared to December 2009. The crude steel capacity utilization ratio of the 66 countries in December 2010 declined slightly to 73.8% compared to 75.2% in November 2010. Compared to December 2009, the utilization ratio in December 2010 is 1.1 percentage point higher.

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