World Crude Steel Output Increased By Nearly 7% In 2011

In 2011 world crude steel production reached 1,527 mega tonnes (Mt) according to World Steel Association. An increase of 6.8% compared to the previous year in 2010 which is a record in terms global steel production.

This was seen by all the major steel producing countries, excluding two Japan and Spain. However growth was  significantly higher in Turkey, Italy and South Korea. Asia saw an annual production of grude steel by 7.9% in 2011 compared to 2010, which equates to 988.2 mega tonnes in total in terms of steel production.

However European Union recorded an increase of around 2.8% for 2011 compared to 2010, this was a production increase  of 177.4 mega tonnes for the year.

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