Steeled for growth


Brussels, Belgium —World crude-steel production increased by 5.9% in 2005, rising to 1.129-million metric tons (mmt), according to the International Iron and Steel Institute. China accounted for most of the increase. China’s crude steel production rose by nearly 25%, or 69 mmt, to 349,4 mmt.

China’s share of the world production rose from 26.3% in 2004 to 30.9% in 2005. In 2005 it became clear that China’s production was outstripping demand, and the market was over-supplied. China’s government intends to close inefficient and uneconomic capacity, and concentrate more output within several large companies.

In Japan, weaker public-sector steel-demand was offset by an improving private sector. Last year’s crude steel production of 112.5 mmt was virtually unchanged from 2004’s level. India’s strong economic growth provided underpinned a 16.7% (5.5 mmt) growth in the country’s steel output. Indian production totaled 38.1 mmt in 2005. Asia’s total output rose by 14.8% to 583.8 million tons, more than 50% of the world total.

A consolidated, North American steel-industry was able to reduce production to meet demand through 2005, while the high inventories built-up in the marketplace during 2004 were liquidated. The region’s output fell by 7 mmt, or 5.3%, to 127 mmt.

Brazil also saw inventory liquidation impacting output; it was down 3.9% at 31.6 mmt. Despite 4.8% growth in Argentina and 8.4% in Venezuela, South America’s 2005 total was down 1.2%, at 45.3 mmt.

Europe’s market was also plagued by high inventories. Some producers’ cutbacks reduced EU output by 3.6%, to 186.5 mmt. CIS (Commonwealth of Independent States) production was steady at 112.9 mmt.

Double digit growth rates in Egypt and Libya took Africa’s total output to 17.9%, a 7.1% increase. Rising output in both Iran, up 8.3%, and Saudi Arabia, up 7.3%, provided a similar growth rate for the Middle East.

For more information visit:

Richard Phelps , senior editor, Control Engineering

No comments
The Engineers' Choice Awards highlight some of the best new control, instrumentation and automation products as chosen by...
The System Integrator Giants program lists the top 100 system integrators among companies listed in CFE Media's Global System Integrator Database.
The Engineering Leaders Under 40 program identifies and gives recognition to young engineers who...
This eGuide illustrates solutions, applications and benefits of machine vision systems.
Learn how to increase device reliability in harsh environments and decrease unplanned system downtime.
This eGuide contains a series of articles and videos that considers theoretical and practical; immediate needs and a look into the future.
Make Big Data and Industrial Internet of Things work for you, 2017 Engineers' Choice Finalists, Avoid control design pitfalls, Managing IIoT processes
Engineering Leaders Under 40; System integration improving packaging operation; Process sensing; PID velocity; Cybersecurity and functional safety
Mobile HMI; PID tuning tips; Mechatronics; Intelligent project management; Cybersecurity in Russia; Engineering education; Road to IANA
This article collection contains several articles on the Industrial Internet of Things (IIoT) and how it is transforming manufacturing.

Find and connect with the most suitable service provider for your unique application. Start searching the Global System Integrator Database Now!

SCADA at the junction, Managing risk through maintenance, Moving at the speed of data
Flexible offshore fire protection; Big Data's impact on operations; Bridging the skills gap; Identifying security risks
The digital oilfield: Utilizing Big Data can yield big savings; Virtualization a real solution; Tracking SIS performance
click me