Loading price data...
Scrap Monster
Olympus-ims.com
Vulcan
Steel News February 02, 2018 02:30:57 PM

Europe’s Crude Steel Output Recorded Notable Surge in 2017

Paul Ploumis
ScrapMonster Author
During 2017, Hungary reported biggest jump in crude output. The output by the country surged higher by more than 49% over the previous year to total 1.9 Mt in 2017.
Europe’s Crude Steel Output Recorded Notable Surge in 2017

SEATTLE (Scrap Monster): The crude output statistics published by the World Steel Association (worldsteel) suggests significant surge in output by the European region in 2017. The output by the EU-28 countries reported 4% jump, whereas the other European countries recorded phenomenal jump of more than 13% over the prior year. The European crude output ended higher during the month of December too.

The combined yearly crude steel output by EU-28 countries totaled 168.68 million tonnes (Mt) in 2017, higher by 4.1% when matched with the output of 162.02 Mt in 2016. The largest regional producer was Germany, followed by Italy and France. The German output edged higher by 3.5% to total 43.560 Mt in 2017. The output had totaled only 42.080 Mt in 2016. The output by Italy too was up by 2.9% from 23.373 Mt in 2016 to 24.041 Mt in 2017. The output by France totaled 15.506 Mt, higher by nearly 8% over the previous year.

During 2017, Hungary reported biggest jump in crude output. The output by the country surged higher by more than 49% over the previous year to total 1.9 Mt in 2017. The other countries to report significant growth in output were Croatia (+40%), Bulgaria (+23.7%) and Greece (+19.2%). On the other hand, output by the Czech Republic declined sharply by over 14%. The output by Finland, the Netherlands and the UK too registered decline by around 2% each during the year.

ALSO READ: EU-28 Crude Steel Output Expanded in November 2017

Meantime, the output by other European countries including Bosnia-Herzegovina, Macedonia, Norway, Serbia and Turkey recorded sharp jump in 2017. The yearly production by these countries totaled 40.623 Mt as against 35.931 Mt in 2016. Turkey accounted for more than 92% of the total regional output. The Turkish crude steel output surged higher by 13.1% year-on-year from 33.163 Mt to 37.524 Mt.

The EU-28 region’s monthly crude steel output during December 2017 totaled 13.633 million tonnes (Mt), which is higher by 5.8% from December 2016. Germany continued to remain as the largest producer in the region. The other European countries reported over 15% surge in output during the month. The Dec ’17 output by other Europe totaled 3.578 Mt, as against 3.110 Mt in December 2016.