(Scrap Monster): According
to most recent data published by the World Steel Association (World Steel), the
crude steel production by the Middle East region dropped sharply by 7.1% during
the month of February ’16 year-on-year. The region’s crude steel output totaled
2.175 Million tonnes during February this year, as compared with 2.342 Million
tonnes during the same month a year before.
The total crude steel production by Iran during
February was 1.360 Million tonnes, considerably down by 3.4% in comparison with
the February 2015 production of 1.409 Million tonnes. Qatar produced 185,000
tonnes of crude steel, sharply lower by 11.5% when compared to 209,000 tonnes
production achieved during February 2015. Meantime, Saudi Arabia’s crude steel
output dropped sharply over the previous year to 375,000 tonnes during February
this year. The total crude steel production by the UAE during February was
255,000 tonnes, significantly higher by 18.2% in comparison with the February
2015 production of 216,000 tonnes.
The cumulative crude steel output by the Middle East
region during the initial two months of current year totaled 4.422 Million
tonnes, lower by 5.2% when compared with the output of 4.667 Million tonnes
during the corresponding two-month period in 2015.
The following table provides cumulative crude steel
output for the first two months in 2016 in comparison with those during same
period in 2015.