World steel production forecast to 2014

Looking ahead to 2014, MEPS have just published a world steel production forecast.

 

Moving from world 2009 crude steel production of 1.23 billion metric tonnes, global crude steel output in 2010 is forecast at almost 1.4 billion tonnes. Worldwide crude steel output in 2014 is anticipated by MEPS to be over 1.6 billion tonnes.

 

For further information, visit MEPS at http://www.meps.co.uk/global-production2014.htm

 

blogger@steelonthenet.com

 

World stainless steel production 2009 - 2010

MEPS today report that global crude stainless steel production for 2009 turned out at 24.6 million tonnes, a fall of 5 percent compared with 2008.

MEPS also observe that total stainless steel output for the first quarter of 2010 will be around 7.5 million tonnes . This figure is a remarkable 54.6 percent higher than the outturn for the first three months 2009, which marked the low point of the recent downturn.

With corrections for stock levels, MEPS forecast for global stainless steel output in calendar year 2010 is ~28.5 million tonnes, which would exceed the previous record outturn, in 2006, by 0.3 million tonnes.

For further info, see MEPS' stainless report.

blogger@steelonthenet.com

World steel production forecast for 2009

Steel industry consultants MEPS have just published their forecast for 2009 world steel production. The output forecast for crude steel is 1165 million metric tonnes. This is a 12% drop on global 2008 steelmaking production volumes. For full article, see http://www.meps.co.uk/article-key-out-q2-09.htm

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Crude steel production 2007

According to the International Iron and Steel Institute, the top steel producing countries in 2007 were China (489 mt crude steel), Japan (120.2 mt), and the USA (97.2 mt).  World crude steel production reached 1,343.5 million metric tonnes, up 7.5% on 2007 with Chinese production growing almost 16% from 433 mt.

For full 2007 world steel production report, see http://www.worldsteel.org/?action=newsdetail&id=228

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Stainless steel forecast 2007

World production of stainless steel is forecast to reach 29 million metric tonnes in 2007 [crude steel equivalent], according to projections just published by MEPS

This forecast represents an increase of just 2.2% on 2006 output. Orders seems few and far between as stocks are consumed, and as purchases are delayed in anticipation of surcharges tumbling in the coming months, as alloy metal prices fall.

For full MEPS article (including regional stainless production forecasts) see http://www.meps.co.uk/editorial8-07.htm.

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