World crude steel output increased by 5.3% in 2017; Asia led the way

20151002142348-5a335b0a.jpg

World crude steel production reached 1,691.2 million tonnes (Mt) for the year 2017, up by 5.3% compared to 2016, as out increased in all regions in 2017 except in the CIS, which has remained stable, worldsteel said in its latest industry report.

Annual production for Asia was 1,162.5 Mt of crude steel in 2017, an increase of 5.4% compared to 2016.

China’s crude steel production in 2017 reached 831.7 Mt, up by 5.7% on 2016, as its share of world crude steel production increased from 49.0% last year to 49.2% in 2017.

Japan produced 104.7 Mt in 2017, down by -0.1% compared to 2016. India’s crude steel production for 2017 was 101.4 Mt, up by 6.2% on 2016. South Korea produced 71.1 Mt of crude steel in 2017, an increase of 3.7% compared to 2016.

In 2017, the EU (28) produced 168.7 Mt of crude steel, an increase of 4.1% compared to 2016. Italy produced 24.0 Mt in 2017, up by 2.9% on 2016. Spain produced 14.5 Mt of crude steel in 2017, an increase of 6.2% compared to 2016.

Crude steel production in North America was 116.0 Mt, 4.8% higher than in 2016. The US produced 81.6 Mt of crude steel, up by 4.0% on 2016.

worldsteel’s estimation of 2017 crude steel production in the CIS based on available data was 102.1 Mt, the same amount as in 2016. Russia* produced 71.3 Mt of crude steel in 2017, up by 1.3% on 2016. Ukraine* recorded a decrease of -6.4% with a year-end figure of 22.7 Mt.

Annual crude steel production for South America was 43.7 Mt in 2017, an increase of 8.7% on 2016. Brazil produced 34.4 Mt in 2017, up by 9.9% compared to 2016.

 

Top 10 steel-producing countries
Rank Country 2017 (Mt) 2016 (Mt) %2017/2016
1 China 831.7 786.9 5.7
2 Japan 104.7 104.8 -0.1
3 India 101.4 95.5 6.2
4 United States 81.6 78.5 4.0
5 Russia (e) 71.3 70.5 1.3
6 South Korea 71.1 68.6 3.7
7 Germany (e) 43.6 42.1 3.5
8 Turkey 37.5 33.2 13.1
9 Brazil 34.4 31.3 9.9
10 Italy 24.0 23.4 2.9

 

 

Share

Leave a Reply

Your email address will not be published. Required fields are marked *