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Home > MEPS Steel News - 24.07.2014

MEPS PREDICTS ANOTHER RECORD HIGH FOR GLOBAL STEEL PRODUCTION IN 2014

World crude steel output is forecast at 1655 million tonnes this year, according to MEPS (International) Ltd. This equates to a rise of 2.7 percent over the previous all-time high figure in 2013. China will continue to be the main driver for expansion, despite a deceleration in growth.


Most regions saw their production fall last year. In 2014, noticeable gains are predicted in the EU and South Korea. Only marginally increases are envisaged in Other Europe, CIS and the Americas. Output rises in India are projected to be below the country's vast potential. Solid expansion will continue in the Middle East, although the region's share of global growth is expected to be just 3.4 percent.
 

MEPS Crude Steel Production Forecast
(Million Tonnes)

  2013 2014(f) YoY % change
EU 165.8 170.5 2.8
Americas 164.8 166.0 0.7
China 783.5 810.0 3.4
Other Asia 302.0 311.0 3.0
Rest of World 194.9 197.5 1.3

Total

1611.0 1655.0 2.7

 


 

 

 

 



 

 

 

 

 


Source: MEPS World Steel Outlook Quarter 2-2014

 


 

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