STEEL PRODUCTION IN 2014

The world Steel Association forecasts that global apparent steel use increased by 3.1% to 1527 Mt in 2014 following growth of 3.6% in 2013. In 2015, it is forecast that world steel demand will grow further by 3.3%and will reach 1576 Mt.

If we analyze the table detailed below;  we see that Asia is the leading producer of steel, only China has a production of 822,7 tons while in 2014 has had a slight descents(de 49,7% in 2013 and during 2014 it was a 49,5% ).

The European Union is the second zone in the classification  where Germany is the leading producer. In 2014 has a production was 169 M.Ton. This represents an increase of 1.7%; increases in production in Germany and France and falls in Spain and Italy.

In short, the global steel demand recovery continues but growth is stabilising at a lower rate with continued volatility and uncertainly leading to a challenging environment for steel companies.

Production fell in the CIS, in Ukraine only  fell  17%.

In India, steel demand was expected to grow by 3.3% to 76.2Mt in 2014, following 3.8% growth in 2013. Despite uncertainties relating to the impact of upcoming elections steel demand is projected to grow by 4.5% in 2015.

In North America, crude steel production increased 2%, however in South America shrank 1.4%, since the sharp decline in Brazil, Venezuela and Chile were offset with increases in Argentina, Colombia and Peru.

In Central and South America, apparent steel use was projected to grow by 3.4% to 50.9Mt in 2014 down from 4.3% in 2013.This is forecast to slow further to 2.7% in 2015 due to contraction in Argentina and a sharp slowdown in Chile.