Global crude steel output increased by 4.6% in 2018 – worldsteel

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Global crude steel production reached 1,808.6 million tonnes (Mt) for the year 2018, up by 4.6% compared to 2017, global industry body worldsteel said in its latest output report.

Crude steel production increased in all regions in 2018 except in the EU, which saw a 0.3% contraction.

  • Asia produced 1,271.1 Mt of crude steel in 2018, an increase of 5.6% compared to 2017.
  • China’s crude steel production in 2018 reached 928.3 Mt, up by 6.6% on 2017. China’s share of global crude steel production increased from 50.3% in 2017 to 51.3% in 2018.
  • India’s crude steel production for 2018 was 106.5 Mt, up by 4.9% on 2017, meaning India has replaced Japan as the world’s second largest steel producing country.
  • Japan produced 104.3 Mt in 2018, down 0.3% compared to 2017.
  • South Korea produced 72.5 Mt of crude steel in 2018, an increase of 2.0% compared to 2017.
  • The EU produced 168.1 Mt of crude steel in 2018, a decrease of 0.3% compared to 2017.
  • Germany* produced 42.4 Mt of crude steel in 2018, a decrease of 2.0% on 2017.
  • Italy produced 24.5 Mt in 2018, up by 1.7% on 2017.
  • France produced 15.4 Mt of crude steel, a decrease of 0.7% on 2017.
  • Spain produced 14.3 Mt of crude steel in 2018, a decrease of 0.1% on 2017.
  • Crude steel production in North America was 120.5 Mt in 2018, 4.1% higher than in 2017.
  • The US produced 86.7 Mt of crude steel, up by 6.2% on 2017.
  • The CIS produced 101.3 Mt, an increase of 0.3%. Russia* produced 71.7 Mt of crude steel in 2018, up by 0.3% on 2017. Ukraine produced 21.1 Mt of crude steel in 2018, a decrease of -1.1% compared to 2017.
  • Annual crude steel production for South America was 44.3 Mt in 2018, an increase of 1.3% on 2017. Brazil produced 34.7 Mt in 2018, up by 1.1% compared to 2017.
  • The Middle East produced 38.5 Mt of crude steel in 2018, an increase of 11.7% on 2017. Iran* produced 25.0 Mt in 2018, up 17.7% on 2017.
  • Turkey’s crude steel production for 2018 was 37.3 Mt, down by 0.6% on 2017.
Shekhar Ghosh is consulting editor, Indoasiancommodities.com. He has edited and written for publications like Business India, Business Standard, Business Today, Outlook and many other international publications. He can be reached at shekhar.ghosh@indoasiancommodities.in.

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