World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 145.7 million tonnes (Mt) in October 2021, a 10.6% decrease compared to October 2020, with China leading the way with a sharp decline. China produced 71.6 Mt in October 2021, down 23.3% on October 2020. India produced 9.8 Mt, […]
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 […]
World Steel Association (worldsteel) aid global crudes steel production for the 64 countries reporting to it was 174.4 million tonnes (Mt) in May 2021, a 16.5% increase compared to May 2020. It said in a statement that China produced 99.5 Mt in May 2021, up 6.6% on May 2020, while India produced 9.2 Mt, up […]
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 […]
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 […]
Global steel demand will power ahead by 5.8% this year, as economies recover from the COVID-19 pandemic, but growth will retreat next year as the impact of stimulus spending diminishes, the World Steel Association (worldsteel) said. The industry group upgraded its 2021 forecast from its October estimate of 4.1% growth, as buoyant economic recovery last […]
World Steel Association (worldsteel), which represents 64 producing countries, said on Thursday that global crude steel production was 169.2 million tonnes (Mt) in March 2021, a 15.2% increase compared to the same month last year. China produced 94.0 Mt in March 2021, up 19.1% on March 2020, while India’s output rose 23.9% to 10.0 Mt, […]
India’s steel demand fell by 13.7% in 2020, but is expected to rebound by 19.8% in 2021 driven by the growth-oriented government agenda even as private investment takes longer to recover, worldsteel said in its latest short range outlook released on Thursday, India suffered severely from last year’s extended period of severe lockdown, which brought most […]
Most steel-using sectors in China will show moderate growth and the country’s steel demand is expected to grow by 3.0% in 2021, but decelerate to 1.0% as the effect of the 2020 stimulus subsides, and the government focuses on more sustainable growth, worldsteel said in its latest short range outlook. The government’s reaction to the […]
Global steel demand will grow by 5.8% in 2021 to reach 1,874.0 million tonnes (Mt), after declining by 0.2% in 2020, worldsteel forecast in its latest short range outlook on Thursday, adding that in 2022 steel demand will see further growth of 2.7% to reach 1,924.6 Mt. The current forecast assumes that the ongoing second […]
