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Mirach Steel Industry Stock Outlook for 2012

Steel Industry Stock Outlook for 2012

In the past 2012, although there is serious decrease in both international business and global economy, steel industry still grow a little. Here, you can see the general outlook for steel industry in 2012.

World crude steel production was a record 1,548 Mt in 2012, outperforming the 2011 level by 1.2%. From Jan through May 2013, world crude steel production has increased 2.1% year over year to 658 Mt. China retained its leadership position, yielding almost 49% of the global output at 325 Mt, an 8% annual rise.

Production in Japan, the second largest producer, increased 1.3% year over year to 45 Mt. The United States held the third position, producing 36 Mt of crude steel, a 7% annual decline. Production in Europe and South America were a dampener, declining 6% and 5%, to 70 Mt and 18.8 Mt, respectively.

Through the Jan-May timeframe, world crude steel production attained the highest figure in 2013 so far in May, at 136 Mt and a 2.6% annual increase.

(Source: Steel Industry Stock Outlook – July 2013)

 

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