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 […]
World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 150.2 million tonnes (Mt) in February 2021, a 4.1% increase compared to February 2020. China is estimated to have produced 83.0 Mt in February 2021, up 10.9% on February 2020. India produced 9.1 Mt, down 3.1% and Japan produced […]
World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 162.9 million tonnes (Mt) in January 2021, a 4.8% increase compared to January 2020. Table 1. Crude steel production by region Jan 2021 (Mt) % change Jan-21/20 Jan-Jan 2021 (Mt) % change Jan-Jan 21/20 Africa 1.2 -7.9 1.2 -7.9 […]
Asia produced 1,374.9 Mt of of crude steel in 2020, an increase of 1.5% compared to 2019, worldsteel said, adding that China’s crude steel production in 2020 reached 1,053.0 Mt, up by 5.2% on 2019. China’s share of global crude steel production increased from 53.3% in 2019 to 56.5% in 2020. India’s crude steel production […]
World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 158.3 million tonnes (Mt) in November 2020, a 6.6% increase compared to November 2019, the global industry body said, adding that many of this month’s figures are estimates that may be revised with next month’s production update. In Asia, […]
India’s crude steel output increased marginally by 0.9 per cent to 9.058 million tonnes in October 2020, according to World Steel Association (worldsteel). The country had produced 8.981 million tonnes crude steel during the same month last year, the global industry body said in its latest report. “Crude steel production for the 64 countries reporting […]
