Blast furnace ironmaking is forecast at 1175 million tonnes in 2015 – down 0.5 percent on the year earlier figure. Direct reduced iron production is also expected to slip marginally in the current twelve month period.

MEPS Crude Steel Production Forecast (Million Tonnes)
2014 2015(f) YoY % change
EU 169.3 172.0 1.6
Americas 166.2 159.0 -4.3
China 823.0 816.0 -0.9
India 86.5 90.8 5.0
Other Asia 227.6 221.7 -2.6
Rest of World 194.6 190.5 -2.1
Total 1667.2 1650.0 -1.0

Source: MEPS World Steel Outlook Quarter 2-2015