Asian Crude Steel Output Registers 0.6% Growth in November


According to the recent data published by the World Steel Association, the crude steel production by Asia recorded marginal rises 0.6% during November year-on-year.

The total crude steel production by China during November was 63.300 Million tonnes, dropping marginally 0.2% when compared with the production of 63.427 Mt during November 2013. India produced 6.890 Million tonnes of crude steel, up 4.8% when compared to 6.575 Million tonnes production achieved during November 2013.

Japan reported marginal decline monthly in crude steel output during November. Japan's crude steel output dropped from 9.273 Million tonnes in November 2013 to 9.175 Million tonnes at the same month this year.

South Korean crude steel production was up considerably 5.5% from 5.601 Million tonnes in November 2013 to5.911 Million tonnes in November this year.

The Taiwanese November steel output edged higher by 4.7% to 1.905 Million tonnes from 1.819 Million tonnes during same month last year.

The following table provides cumulative crude steel output for the first eleven months in 2014 in comparison with those during same period in 2013.

Country              11 months (2014)   11 months (2013)    % Change
China                 748,670                    734,711                      +1.9
India                  76,197                      74,377                        +2.4
Japan                 101,667                   101,255                       +0.4
South Korea        65,324                      60,201                        +8.5
Taiwan               20,782                      20,441                        +1.7
Note: Output in thousands of tonnes