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Production & Shipments

Developments that could increase or decrease steel production and shipments around the world.

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India Now Is World's Second-Biggest Producer of Stainless Steel

22 May 2017 - Global stainless steel production rose 10.2% in 2016 to a record 45.8 million metric tons, according to data released by the International Stainless Steel Forum. 

North American OCTG Demand Lifts TMK Profits

19 May 2017 - Russian tubemaker TMK posted a US$42 million profit in the first quarter of 2017, buoyed by an improving oil and gas market in North America.  

China Reduces Its Ability to Make Steel, But Not Its Desire

16 May 2017 - China is more than halfway to achieving its goal of cutting 50 million metric tons of crude steel capacity this year, according to Xinhua, the country’s official news agency. 

So Far This Year, China Is Exporting Less Steel

08 May 2017 - China’s steel exports have declined 26% through the first third of the year, according to S&P Global Platts.

U. S. Steel to Restart Idled Tube Mill

26 Apr 2017 - United States Steel Corp. said it is restarting an idled electric-weld tube line in Texas and has reconsidered the closing of a pipe processing line in Ohio.

March Was a Banner Month for China's Crude Steel Production

19 Apr 2017 - China set a new crude steel production record in March, making 72 million metric tons and besting the previous record by nearly 2%, according to the price and information service S&P Global Platts.

Forecast: Indian Steel Production Poised to Double by 2032

18 Apr 2017 - India’s steel output is expected to double over the next 15 years as its economy grows and its citizens move toward the cities, reports the Bloomberg news service. 

TimkenSteel Gains API Quality Management Certification

13 Apr 2017 - TimkenSteel has been awarded the American Petroleum Institute’s Q1 quality management certification and has been granted a license to apply the institute’s registered certification mark on certain products, the steelmaker has announced. 

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