DTC Coal “Intra-Monthly” Flash

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DTC Coal “Intra-Monthly” Flash

June Global Steel Production Analysis

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DTC provides a rapid analysis and turnaround service of Intra-Monthly Data Releases (Coal Exports/Imports, Steel Production, Generation, Utility Inventories) helping you to understand the trends by region through monthly high's and low's.

DTC Flash©: June Global Steel Production Analysis

DTC Short & Sweet:  Global crude steel output in June was 135.59 mm MT, up 0.7% seq on a per diem (pd) basis but down 2.4% YoY, while total pig iron (coking coal intensive) production of 97.48 mm MT fell 0.4% seq pd and 1.7% YoY.  Crude steel output declines in Rest of World (down 4.0% YoY) were steeper than China (down 0.8% YoY), in what could be a result of the uptick in Chinese steel exports this year.  Halfway through the year, crude steel production of 813.05 mm MT is down 2.0% YoY.  For the second consecutive month South America (+0.8%) and the European Union (+1.7) were the only two regions to see YoY gains, while North America (-6.4%) and the CIS (-10.7%) again saw significant declines.  Pig iron output in China increased 0.1% seq pd but fell 2.1% YoY, a bigger YoY decline than RoW pig iron output which was down 1.2% seq pd and 1.0% YoY.  The global crude steel capacity utilization rate rose slightly to 72.2% in June (up from 72.1% in May but down from 75.7% a year ago).

  • Pig Iron vs Crude Steel:  Global pig iron production in June decreased 0.4% seq pd and 1.7% YoY to 97.48 mm MT.  The seq pd decline pig iron was led by Europe (-2.1%), CIS (-3.5%), and Other Europe (-8.3%).                                                   
  • Global Crude Steel YoY Change:  Down 2.4% YoY, the sixth straight month of negative YoY growth (down 0.7% in Jan, down 1.6% in Feb, down 2.7% in Mar, 1.7% in Apr, and 2.1% in May), and steepest YoY decline since April 2015.

Intramonthly

  • Total Excl. China:  66.65 mm MT – down 0.5% seq pd and 4.0% YoY.  YTD production of 403.07 mm MT is down 2.8% YoY and annualizes to 812.83 mm MT, compared to 2014 total of 814.26 mm MT.  Total excl. China posted the worst YoY decline since April 2015. 

Intramonthly2

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