Global steel production for the month of October surged by 1.3% to 126 million tonne (MT) against 124.55 MT recorded in the same month last year, mainly on the back of six percent rise seen in production in China, as per the data of World Steel Association.
China’s crude steel production for October 2012 was 59.1 MT, up by 6.0% compared to October 2011. In Asia, Japan produced 8.8 MT of crude steel in October 2012, a decrease of 6.7% compared to 2011, India's production grew by 5.7% to 6.5 MT from 6.1 MT the same month last year.
In the EU, Germany produced 3.7 MT, a slight increase of 0.3% over October 2011. Italy's production was 2.4 MT, down by 10.4%, France produced 1.3 MT and Spain 1.1 MT. The US produced 6.9 MT steel in October 2012, a 3.3% dip against the same month last year. Brazil's production was 3.2 MT, an increase of 7.7% against October 2011.
The crude steel capacity utilization ratio in October 2012 declined to 76.5 percent from 77.7 percent in September.
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