MEPS EXPECTS WORLD STEEL
PRODUCTION TO RISE BY 3.1 PERCENT IN 2013
MEPS predicts that reported global steel output will be almost 1.6
billion tonnes this year. Production cuts in most regions of the
world will be more than offset by strong activity in China.
We believe that steelmaking in the EU will decline in 2013. Our
estimate, at 163 million tonnes, represents a reduction of 3.3
Crude steel output, in the CIS and Other Europe, is projected to be
just above 147 million tonnes this year - a decline of 2.6 percent
from the 2012 level.
Steelmaking in North America is expected to move below 120 million
tonnes in 2013. This 3.1 percent decrease will be the result of
reduced outturn in all the three NAFTA members.
Our prognosis for the outturn of crude steel in South America this
year is 46.2 million tonnes - relatively unchanged from the 2012
Steel manufacturing in Africa is forecast to slip this year to 15.2
million tonnes. This equates to a decline of 0.9 percent, compared
Another record steel output figure is forecast for 2013 in the
Middle East. At 26.9 million tonnes, this will be the fifteenth
consecutive annual rise in production.
Reported Asian steel manufacturing should be approximately 1.07
billion tonnes in 2013. This equates to an increase of 5.9 percent,
MEPS World Steel
Outlook Quarter 3-2013
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