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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Global crude steel output rose 15.2% year-on-year in March to 169 million tonnes; China up 19%, India 24%

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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, […]

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Growth-oriented govt agenda seen driving India’s steel demand up nearly 20% in 2021, says worldsteel

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 […]

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China’s steel demand seen rising 3% in 2021, but fall next year as stimulus effect subsides – worldsteel

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 […]

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Global steel demand to grow by 5.8% in 2021 to reach 1,874.0 million tonnes, says Worldsteel

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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 […]

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