World’s Top Crude Steel and DRI producing countries during Oct '16

SEATTLE (Scrap Monster): According to latest statistics published by the World Steel Association, the world crude steel output by 66 countries reporting to the Association totaled 136.523 Million tonnes during October this year. The monthly output increased marginally by 3.3% when compared with October last year. These 66 countries accounted for approximately 99% of the total world crude steel production in 2015.

The following table lists world’s top ten nations based on their total crude steel output during October ‘16.

Also, the table given lists world’s top ten nations on the basis of cumulative crude steel output during Jan-Oct ‘16.

Note: The above outputs are in thousand tonnes.

DRI production statistics

The preliminary data published by the World Steel Association indicates that the world direct reduced iron (DRI) production in October this year has remained more or less flat when compared with the month before that.

The world DRI production during the month of October 2016 totaled 4.318 million metric tons, flat when compared with the 4.326 million metric tons production achieved during September this year.

According to World Steel data, Iran ranked first in DRI production during the month. India and Mexico were the second and third largest DRI producing nations.

The estimated DRI output by Iran during October this year was 1.480 million metric tons. The country’s DRI output in October remained almost unchanged when compared with the previous month. The DRI output by Iran had totaled 1.431 million metric tons during the previous month. India’s DRI production in October 2016 totaled 1.193 million metric tons, which is marginally down when compared with the previous month output of 1.198 million metric tons. The Mexican DRI output in October this year amounted to 470,000 metric tons, which is significantly higher than 451,000 metric tons output during the previous month.

The DRI output (in thousand metric tons) by the other ten countries in October 2016 is as follows: Canada (58), Saudi Arabia (310), Trinidad & Tobago (Nil), Argentina (98), Peru (Nil), Venezuela (65), Egypt (220), Libya (30), South Africa (30) and United Arab Emirates (365).

The World Steel production figures are based on the figures collected from 13 countries, which accounted for approximately 81% of the global DRI production in 2015.

Cumulative DRI output

The table given below lists world’s top ten nations with regards to cumulative DRI output during Jan-Oct ‘16.

Note: The above outputs are in thousand tonnes.