World crude steel production down 5.7% in Feb ’22; China down 10%, India up 7.6% – worldsteel

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World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 142.7 million tonnes (Mt) in February 2022, a 5.7% decrease compared to February 2021. China produced an estimated 75.0 Mt in February 2022, down 10.0% on February 2021. India produced 10.1 Mt, up 7.6%. Japan produced 7.3 Mt, down […]

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Worldsteel forecast steel demand to grow by 4.5% in 2021 and by 2.2% in 2022: India’s demand to touch 100 million tonnes

The World Steel Association (worldsteel) has forecast that steel demand will grow by 4.5% in 2021 and reach 1,855.4 million tronnes after 0.1% growth in 2020. In 2022, steel demand will see a further increase of 2.2% to 1,896.4 million tronnes. The current forecast assumes that, with the progress of vaccinations across the world, the […]

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The state of steel production

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Global steel production has more than tripled over the past 50 years, despite nations like the U.S. and Russia scaling down their domestic production and relying more on imports. Meanwhile, China and India have consistently grown their production to become the top two steel producing nations. See graphic here Below are the world’s current top […]

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World crude steel production jumps 23% year-on-year in April, India up a massive 152% – worldsteel

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World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 169.5 million tonnes (Mt) in April 2021, a massive 23.3% increase compared to April 2020, led by India where output rose 152% — a massive jump from the same month last year when the country was under a pandemic-triggered […]

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