July 2008 Crude Steel Production
20 Aug 2008
- Brussels - World crude steel production for the 66 countries reporting to the International Iron and Steel Institute (IISI) was 117.2 million metric tons (mmt) in July. This is 6.2% higher than the same month last year.
Total world crude steel production was 815.1 mmt in the first seven months of 2008, a 6.1% increase over the same period in 2007. In July 2008, the world moving annual total (MAT) growth rate stayed at 5.8%, unchanged for the last four months.
In the first seven months of 2008, China produced 308.3 mmt of crude steel, an increase of 9.3% compared to the same period in 2007. In July 2008, China’s MAT growth rate continued to slow further to 9.6%, compared to its MAT growth rate peak of 26.3% in January 2006. China’s crude steel production for July 2008 was 44.9 mmt, an increase of 7.5% on July 2007.
Overall, Asia produced 66.4 mmt of crude steel in July 2008 compared to 62 mmt in July 2007, a 7.1% increase in crude steel production.
In July 2008, the largest producer in the EU was Germany, with 3.8 mmt of crude steel, a decrease of -5.7%. The UK produced 1.1 mmt crude steel, a decrease of -3.9% compared to the same month last year.
North America showed its eighth consecutive monthly increase of MAT growth rate, rising to 5.4% from 4.5% last month. Total crude steel production in North America was 11.6 mmt in July 2008, an increase of 7.1% on July 2007.
South America recorded a 12.8% increase in crude steel production with 4.5 mmt in July 2008. Brazil produced 3.2 mmt, 11.5% higher than July 2007.
# Ends #
Notes to Editors:
- The International Iron and Steel Institute (IISI) is one of the largest and most dynamic industry associations in the world. IISI represents approximately 180 steel producers (including 19 of the world's 20 largest steel companies), national and regional steel industry associations, and steel research institutes. IISI members produce around 75% of the world's steel (excluding China) and the growing membership in China now accounts for over 20% of Chinese production.
- MAT: The moving annual total is the sum of the previous 12 months. Each month the crude steel production figure for the new month is added to the MAT, while the figure for the first month of the former 12 is subtracted.
- 0708_release and production figures.pdf
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