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World BFI production surged over 10% in March,United States

2017-04-29 03:12 | Network |

ALBANY (Scrap Monster): The monthly statistics released by the World Steel Association indicate that blast furnace iron production by world countries increased significantly by 10.3% during March this year. The production totaled 102.110 million tonnes (Mt) during the month, as compared with the production of 92.171 Mt during February this year. The cumulative BFI output during the initial three months of the current year totaled 292.669 million tonnes. It must be noted that the above information is based on the output recorded by 39 countries, which accounted for 99% of the world BFI production during the entire year 2015.

The BFI output by the Asian region totaled 79.621 Mt during the month, accounting for nearly 78% of the total world output. The output during the month increased considerably when matched with the output of 71.774 Mt during February ’17. The leading Asian BFI producers during March this year were China (61.999 Mt), Japan (6.563 Mt), India (5.800 Mt) and South Korea (4.000 Mt). The cumulative production by Asian region totaled 227.382 Mt during the initial three-month period of the current year.

The 28 countries of the European Union recorded an output of 8.012 Mt during March this year. The monthly output jumped higher significantly by nearly 10% when matched with the output of 7.287 Mt output reported during the prior month. The top producers of the region were Germany (2.449 Mt), France (856,000 tonnes), the Netherlands (550,000 tonnes), Austria (541,000 tonnes), Poland (430,000 tonnes) and Italy (429,000 tonnes). The three-month cumulative BFI production by the EU-28 countries totaled 23.505 Mt. Other European countries including Boznia-Herzegovina, Serbia and Turkey reported monthly and cumulative output of 1.103 Mt and 3.124 Mt respectively.

The CIS region reported BFI production totaling 6.855 Mt during the month. The output increased considerably when matched with the previous month output of 6.190 Mt. The leading BFI producer during the month was Russia with 4.480 Mt. The other key producers were Ukraine (2.030 Mt) and Kazakhstan (575,000 tonnes). The Jan-Mar ’17 production by the CIS region totaled 19.900 Mt.

The North American BFI output increased from 2.793 Mt in February ’17 to 3.085 Mt in March this year. The output by the US totaled 2.130 Mt, constituting nearly 69% of the total production by the region. The US production has increased modestly by nearly 10% from 1.934 Mt in February. The other key BFI producing nations from the region were Canada (575,000 tonnes) and Mexico (380,000 tonnes). The regional output during Jan-March ’17 totaled 8.754 Mt. The cumulative output by the US during the first three months of the year totaled 6.004 Mt. The output by Canada and Mexico totaled 1.648 Mt and 1.102 Mt respectively.

Meantime, the blast furnace iron production by South America increased significantly over the previous month to total 2.535 Mt in March ‘17. Among the countries in the region, Brazil produced 2.280 Mt during the month. The output by Brazil had totaled 2.060 Mt during the month prior to this. The other key BFI producers during the month were Argentina (178,000 tonnes), Chile (58,000 tonnes), Colombia (13,000 tonnes) and Paraguay (2,000 tonnes). The South American output during the first three months of 2017 totaled 7.354 Mt.

Oceania region’s BFI production reported 5% growth in March. The production totaled 348,000 tonnes, up modestly when compared with the production of 330,000 tonnes during February this year. The output by Australia recorded considerable increase to 300,000 tonnes in March as compared with 277.0 tonnes in February. On the other hand, New Zealand’s output plunged lower from 53,000 tonnes to 49,000 tonnes over the previous month. The cumulative output during the initial three-month period of the year by the region totaled 1.062 Mt.


(Editor:FinAll)
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