Tuesday, November 24, 2009

World Steel Production Increases in October
Breakbulk News 11/23/09

Production of crude steel, a key breakbulk cargo, in the 66 countries that report to the World Steel Associaiton increased 3% from September to October, or to 112,177 Million metric tons from 108,816 metric tons. However, total global steel production for the ten months through October lagged 13.5%, reaching only 982,143 metrick tons compared to 1,135,544 during the same period of 2008.

Chinese steel production during the first ten months of 2009 was 472,474 metric ton, an increase of 10.5% over the same perios in 2008. China's ten-month 2009 total accounted for 48% of global total for the period. Japan accounted for about 7% of the global total; Russia, about 5%; India, about 5%, US, about 5%, South Korea, about 4% and the EU, about 11%