Posted on 03 Jun 2015
Korea’s Crude Steel Production Volume Showed Sharp Decline in April
The World Steel Association (WSA) announced on June 1 that 65 major
steel-making countries around the world produced 135.407 million tons of
crude steel in April this year to post a 1.7 percent decrease from a
year ago.
It was the United States that recorded the steepest decline. The
United States’ crude steel production volume fell by 9.8 percent to
6.450 million tons during the same period and that of Korea decreased by
6.6 percent, the highest percentage in Asia, to 5.788 million tons.
That of Japan decreased by 6.1 percent to 8.402 million tons, too.
Meanwhile, the crude steel production volume of China, where steel
industry restructuring is underway, declined by just 0.7 percent to
68.909 million tons. The rate of decrease was the lowest one in Asia.
India, which is emerging rapidly as a major crude steel producer, was
the only country in the continent that increased its crude steel output
in April this year. Specifically, its volume went up by 2.1 percent year
on year to reach 7.433 million tons. During the first four months of
this year, the 65 countries’ combined crude steel production added up to
a total of 536.485 million tons, 1.7 percent down compared to the same
period of last year.
