World crude steel production for the 66 countries reporting to the World Steel Association (worldsteel) was 134 million tonnes (Mt) in October 2015, a -3.1% decrease compared to October 2014, mainly due to 3.1% drop in China’s output. The association also recorded lower steel capacity utilization at 68.3%, down 3.4 percentage points from October 2014, indicating further consolidation in the industry. This is also the second lowest utilization rate in the past few years. To subscribe please click here