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FEBRUARY 2004: CRUDE STEEL PRODUCTION FOR THE 62 COUNTRIES REPORTING TO THE INTERNATIONAL IRON AND STEEL INSTITUTE
18 March 2004 - International Iron and Steel Institute
| World crude steel production for the 62 countries reporting to the International Iron and Steel Institute stood at an estimated 79.5 million metric tons (mmt) in February. |
World crude steel production for the 62 countries reporting to the International Iron and Steel Institute stood at an estimated 79.5 million metric tons (mmt) in February. Global production increased by 12.1% compared to February 2003 (helped to some extent by an extra day (leap year) in 2004). Production in Asia again shows strong growth. Total production in the region reached 36.7 mmt in February, a rise of 19.8% compared to February 2003 and 16.1% YTD. China produced 19.7 mmt of crude steel in February. This is 31.5% higher than for February 2003. YTD production in China is up 27.9% to 39.1 mmt. South Korea (up 13.3%) has also shown a major increase in crude steel production compared to the same month in 2003. Russian crude steel production rose by 10.6% to 5.0 mmt in February. YTD production stands at 10.3 mmt, up 6.7% on 2003. Total production in the CIS region is up by 10.6% YTD and 13.7% compared to February 2003.
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About: International Iron and Steel Institute
The International Iron and Steel Institute (IISI) aims to establish steel as a major foundation of a sustainable world. For the world steel industry this means valuing the interdependence of environmental, social and economic aspects in all decision making, with the aim of improving life for everyone, now, and for generations to come. IISI was founded in 1967. It is a non-profit research organisation with headquarters in Brussels, Belgium. IISI is one of the largest and most dynamic industry associations and serves as a world forum for the international steel industry. A sustainable world steel industry could not be achieved without the active participation of IISI's membership. IISI currently has a membership of more than 115 steel producing companies and over 60 national and regional steel federations and steel research organisations. The members come from more than 50 countries around the world. The countries in which IISI member companies are located account for over three-quarters of total world steel production. Nearly all the world's major steel producers are members of the Institute. Both publicly and privately owned enterprises, using both basic oxygen or electric arc process routes, are members. |
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