World crude steel production dropped to 89 million mt in November 2008. This is down 10.3% versus the previous month, and a fall of 19% compared to the same time last year, the World Steel Association wrote in a report Thursday. Earlier strong performances, however, meant global production increased 0.9% between January to November, versus the first 11 months of 2007 to 1.2 billion mt. Ukraine, one of the world's biggest steel exporters, saw its annual crude steel production plummet 54.9% year on year. With 1.59 million mt of crude steel produced in November, this is some 17% less than in the previous month.
Five other states saw yearly production fall greater than 50%: Luxembourg (58.9%), Morocco (87.3%), Zimbabwe (100%), Trinidad and Tobago (87.4%) and Kazakhstan (58.5%). Total 2008 production in embattled Zimbabwe has withered to nothing from 22,000 mt for the first 11 months of last year.
Overall, the CIS produced 5.8 million mt of crude steel, a decrease of 43.1% from November 2007, and 18.5% less than October this year. In Asia, this fell 11.4% to 54.1 million mt from 61 million mt a year ago, and 5% below October 2008. China, the largest global exporter of steel, suffered a 12.4% drop in production in a year, though its monthly figure only slipped to 35.2 million mt last month from 35.9 million metric tons in October.
North America was down 30.4% year on year at 7.74 million mt. The United States was 38.4% below its November 2007 level, at around 5.05 million mt. South America shrank 17.8% to 3.41 million mt versus last year, and from 4.1 million in October.
All nine of Worldsteel's regional categories were producing between 9% and 43% less crude steel than in November 2007. Despite the overall negative trend, some countries saw their annual crude steel production rise, including Austria (11.7%), Uruguay (14.8%) and Croatia (93.3%). The International Iron and Steel Institute changed its name to World Steel Association on October 6. The association collects production data from 66 countries.
Five other states saw yearly production fall greater than 50%: Luxembourg (58.9%), Morocco (87.3%), Zimbabwe (100%), Trinidad and Tobago (87.4%) and Kazakhstan (58.5%). Total 2008 production in embattled Zimbabwe has withered to nothing from 22,000 mt for the first 11 months of last year.
Overall, the CIS produced 5.8 million mt of crude steel, a decrease of 43.1% from November 2007, and 18.5% less than October this year. In Asia, this fell 11.4% to 54.1 million mt from 61 million mt a year ago, and 5% below October 2008. China, the largest global exporter of steel, suffered a 12.4% drop in production in a year, though its monthly figure only slipped to 35.2 million mt last month from 35.9 million metric tons in October.
North America was down 30.4% year on year at 7.74 million mt. The United States was 38.4% below its November 2007 level, at around 5.05 million mt. South America shrank 17.8% to 3.41 million mt versus last year, and from 4.1 million in October.
All nine of Worldsteel's regional categories were producing between 9% and 43% less crude steel than in November 2007. Despite the overall negative trend, some countries saw their annual crude steel production rise, including Austria (11.7%), Uruguay (14.8%) and Croatia (93.3%). The International Iron and Steel Institute changed its name to World Steel Association on October 6. The association collects production data from 66 countries.
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