Global steel production drops

Global steel production drops

Global steel production is down for the year 2015, said yesterday the worldsteel Association (WSA). Thus, in 2015, it was 1 622.8 million tonnes of steel were produced, down 2.8% compared with 2014. All regions of the world except Oceania were affected by this decline. For Europe, it is 166.2 million tons that were produced, down 1.8% and the French production recorded a significant drop of over 7% with 15 million tonnes. It was Spain who comes out best in Europe, with production up 4.4% to 14.9 million tons.
It had been five years that no global decline had been registered, and that decline comes as the WSA planned in October last increased demand 1.7% in 2015 and 0.7% in 2016. It’s always China that is the world’s largest steel producer, and its market share has actually increased last year by 0.2% to 49.5%. Japan, the second largest producer, was down 5%.