The latest crude steel statistics from the World Steel Association indicated global output in October rose 4.6% from September to 118 million tonnes and rose 2.4% from a year earlier. Production in China rose 4.9% from last month to 50.3 million tonnes which 43% of the global output, but it decreased 3.8% from a year earlier. Germany, Italy, Turkey, Ukraine, Canada and South Korea output increased 10% or over, compared to last year.
In the first ten months of this year, production rose 2.4% from 2008 was 1,165 million tonnes and rose 17.5% from 2009. In Europe and North America, crude steel production was still 17.4% and 16.8% respectively less than in 2008, while Asian output was 14.7% higher. Global capacity utilization in October rose to 75.4% from 74.8% in September. The earlier report from World Steel Association posted 74.4% rate for the month before last.
