July Steel Shipments Up Almost 10 Percent
World crude steel production for the 66 countries reporting to the World Steel Association was 103.9 million metric tons (mmt) in July, which is the highest monthly production figure this year. China’s crude steel production for July was 50.7 mmt, 12.6% higher than July 2008. It is the first time ever that China has produced over 50 mmt of crude steel in a month accounting for almost 50% of world crude steel production. The U.S. produced 5 mmt of crude steel in July 2009, a 41.6% decrease from July 2008.