Steeled for growth

01/25/2006


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:
www.worldsteel.org

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.
Motor specification guidelines; Understanding multivariable control; Improving a safety instrumented system; 2017 Engineers' Choice Award Winners
Selecting the best controller from several viewpoints; System integrator advice for the IIoT; TSN and real-time Ethernet; Questions to ask when selecting a VFD; Action items for an aging PLC/DCS
Robot advances in connectivity, collaboration, and programming; Advanced process control; Industrial wireless developments; Multiplatform system integration
Motion control advances and solutions can help with machine control, automated control on assembly lines, integration of robotics and automation, and machine safety.
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!

Future of oil and gas projects; Reservoir models; The importance of SCADA to oil and gas
Big Data and bigger solutions; Tablet technologies; SCADA developments
SCADA at the junction, Managing risk through maintenance, Moving at the speed of data
Automation Engineer; Wood Group
System Integrator; Cross Integrated Systems Group
Jose S. Vasquez, Jr.
Fire & Life Safety Engineer; Technip USA Inc.
click me