According to latest statistics released by the World Steel Association, the global pig iron output dropped by 3.4% over the previous year to 97.782 million tons during the month of January this year. The global daily production rates of pig iron were 1.64% higher in Jan ’15 when compared with the previous month.
The total pig iron production by EU-28 countries during January this year was 8.279 Million tonnes (Mt), lower than the January 2014 production of 8.38 Mt. Germany accounted for 2.4 Mt and the UK’s pig iron output totaled 878,000 mt. Other European countries produced 897,000 tonnes of pig iron during the month.
Among Asian countries, China accounted for nearly 60% of the world blast-furnace iron output in January 2015. The Indian pig iron output ended slightly higher at 4.65 million mt in Jan ’15 when compared with the output of 4.62 million mt in January last year. The Japanese pig iron output dropped from 7.22 million mt in Jan ’14 to 7 million mt in January this year. On the other hand, South Korean output climbed higher from 3.94 million mt a year ago to 4 million mt during Jan ’15.
The US pig iron output increased 2% to 2.48 million mt. A notable increase in production volume was reported by Brazil during the month. The country’s pig iron production surged higher from 2.1 million mt a year ago to 2.48 million mt during Jan ’15. The other major pig iron producing nations were Russia (4.5 million mt, up 2.7% year-on-year) and Ukraine (1.72 million mt, down 26% year-on-year).