The EIU forecasts global steel production to increase by 4.3 percent in 2018. Automotive sector includes passenger vehicles and light commercial vehicles. It will make the world a better place to live. Adjusted year-to-date production through February 20, 2021 was 12,553,000 net tons, at a capability utilization rate of 76.1 percent. Global steel consumption by product shape, World steel consumption by end-use market, Construction incl structural & building work. In 2020, China became the first country to produce over one billion tons of steel. World crude steel production 1950 to 2019 Steel will continue to be the backbone and enabler of society’s evolution and progress. Global steel consumption by product shape Demand estimates by shape indicate estimated world steel consumption analysed by flat products [including plate, hot rolled coil and sheet, cold rolled and coated sheet], long products [including rail, heavy sections, bar … Please do not hesitate to contact me. Figures above are finished steel product demand estimates for 2020 in millions of metric tonnes. The biggest steel producing country is currently China, which accounted for 53.3% of world steel production in 2019. Demand estimates by shape indicate estimated world steel consumption analysed by flat products [including plate, hot rolled coil and sheet, cold rolled and coated sheet], long products [including rail, heavy sections, bar and wire rod] and tube [welded pipe and seamless tube]. This is equivalent to a 2021 increase in steel consumption of ~70 million tonnes [See World Steel Association, Short Range Outlook October 2020]. In 2019, total world crude steel production was 1869.9 million tonnes (Mt). The global stainless steel market size was valued at USD 111.4 billion in 2019 and is anticipated to witness a CAGR of 6.3% in terms of revenue from 2020 to 2027. Global stainless and heat resisting steel melt shop production (ingot/slab equivalent). Profit from additional features by authenticating your Admin account. ArcelorMittal is one of the leading global producers of automotive steel, accounting for around 16.7% of the world’s automotive steel sheet market in 2014. 8 Global Alloy Steel Market Manufacturing Cost Analysis. This is equivalent to a 2021 increase in steel consumption of ~70 million tonnes [See World Steel Association, Short Range Outlook October 2020]. In 2019, global demand for finished steel in developed economies was 393.6 MnT, down by 4.9% and in 2020 it is predicted that it will further fall by 17.1% to 326.1 MnT. Please contact us to get started with full access to dossiers, forecasts, studies and international data. Global Strip Steel Market 2019. You need a Single Account for unlimited access. Figures are demand estimates prepared by Metals Consulting International for year 2020. facts. Engineering steels are often also referred to as SBQ steels (special bar quality steel); these are steels that typically move or rotate whilst in use. and over 1 Mio. 6 Global Alloy Steel Market Analysis by Application. Then you will be able to mark statistics as favourites and use personal statistics alerts. Source: MCI assessments. As a Premium user you get access to background information and details about the release of this statistic. In the previous year, worldwide consumption of steel scrap came to around 470 million metric tons. Per-capita steel consumption in the US peaked in 1977, then fell by half before staging a modest recovery to levels well below the peak. This text provides general information. Mechanical engineering includes machinery & equipment and components; as well as heating, ventilating and air conditioning (HVAC). worldsteel represents steel producers, national and regional steel industry associations, and steel research institutes. These are global steel statistics per country, including the main top steel-producing countries, China, Japan, India, and USA. Rising demand for consumer goods is likely to drive market growth as stainless steel is resistant to corrosion, exhibits high toughness and ductility, and requires low maintenance. Tomorrow’s smart cities will be built on steel. Metal products include furniture, fasteners, wire products, containers, drums and boxes. 4 Global Alloy Steel Supply (Production), Consumption, Export, Import by Regions (2015-2020) 5 Global Alloy Steel Production, Revenue (Value), Price Trend by Type. World melt shop production of stainless steel in 2020 is estimated at ~53 mt [Source: ISSF]. New, Figures and insights about the advertising and media world, Industry Outlook 2021-2021 figures are MCI forecasts. This statistic is not included in your account. Worldwide steel demand In 2019, the apparent consumption of crude steel in China amounted to approximately 940 million metric tons. Figures are indicative finished steel consumption estimates for 2020. When it comes to consumption by country, China once again tops the rankings. Projected crude steel consumption worldwide from 2019 to 2020 (in million metric tons) [Graph]. In the Radical scenario, global steel per capita decreases to 229 kg per person by 2035, which is 33 kg per person lower than the baseline forecast of 263 kg per person 0 50 100 150 200 250 300 on t) Global Steel Use per Capita Baseline Incremental Radical In the Baseline scenario, global steel per capita increases to 263 kg per person by All 2020 product demand estimates are calculated by MCI. This was highlighted in the short range outlook released on April 20. Are you interested in testing our corporate solutions? global steel consumption Economic signals show India set to bounce back, says PM Modi The PM said the rural economy was also looking up as crop planting is 13% more than last year, while wheat output and procurement are higher, which has given more money to farmers. The discretionary basket, the urban basket, autos and the supply chain are clear proxies for playing the consumer bucket, says Jeetu Panjabi. Bursa Feb 15, 2021 @ 16:41 Turkish crude steel output in 2021 could return to 2017 level on cut in Covid measures, TCUD says. Why banks and industrials are the way to play economic recovery. Demand estimates by sector are indicative of global 2020 finished steel demand. New, Everything you need to know about the industry development, Find studies from all around the internet. Looking for consultancy support? "Projected crude steel consumption worldwide from 2019 to 2020 (in million metric tons)." GLOBAL STEEL CONSUMPTION. Tomorrow’s smart cities will be built on steel. For the steel sector specifically, there were extra downturns with decreasing market prices in 2018 which was accompanied by a substantial increase in crude steel production by almost 5%. The consumption and demand indexes developments are provided per quarter for the following products: Foreign trade data. As an infinitely recyclable and reusable asset, using steel helps to reduce the burden on the Earth’s resources. The Global IF Steel Consumption Market report provides a holistic evaluation of the market for the forecast period (2018–2027). The World Steel Association consider that global steel demand growth in 2021 will amount to 4.1% (from 1725 million tonnes of finished products in 2020, to 1795 million tonnes in 2021). Steel consumption can increase by 9-10% in 2016-17 and 2017-18: S&P 21 Sep, 2015, 05.00 PM IST Steel consumption can increase by 9 per cent-10 per cent in 2016-17 and 2017-18, if economic growth accelerates, compared with 1 per cent-4 per cent annually 2012-13. Chart. We have experts in melting, casting and rolling of steel; and other professionals who specialise in site exploration, geology, mining, beneficiation, and raw material supply. Chicago, IL – Construction is one of the biggest steel consumers on the planet, using about 30 percent of worldwide steel production. Apart from being produced by raw materials, steel may be … Strip Steel Market Size by Types, Applications, Major Regions and Major Manufacturers including the capacity, production, price, revenue, cost, gross margin, sales volume, sales revenue, consumption, growth rate, import, export, supply, future strategies. Overview and forecasts on trending topics, Key figures and rankings about brands and companies, Consumer insights and preferences in various industries, Detailed information about political and social topics, All key figures about regions and countries, Everything you need to know about Consumer Goods, Identify market potentials of the digital future, Technology Market Outlook Directly accessible data for 170 industries from 50 countries April 20, 2019. Bursa Feb 15, 2021 @ 16:41 Turkish crude steel output in 2021 could return to 2017 level on cut in Covid measures, TCUD says. Steel is an important resource in many industries. Construction and manufacturing are … As a Premium user you get access to the detailed source references and background information about this statistic. Steel scrap exports Since the first industrial revolution, steel has been one of … Further analytical information including more detail by product type is available for purchase. Figures are MCI estimates of steel end-use by application for year 2020 world steel consumption. Register in seconds and access exclusive features. Quick Analysis with our professional Research Service: Content Marketing & Information Design for your projects: Industry-specific and extensively researched technical data (partially from exclusive partnerships). Learn more about how Statista can support your business. A paid subscription is required for full access. Accessed March 10, 2021. https://www.statista.com/statistics/216525/global-demand-for-steel/, DBS Group Research. Available to download in PNG, PDF, XLS format, Access to this and all other statistics on 80,000 topics from, Steel producers worldwide based on production volume 2019, Projected steel demand worldwide by region 2021, World's major steel scrap exporting markets based on volume 2019, Projected global crude steel production 2020-2021. World steel production in the 20th century Consumption of steel in Spain 2013-2019 Steel disc and wave springs: sales value in the United Kingdom (UK) 2008-2014 POSCO stainless steel sales volume 2016-2019 As always, we have had a very busy year of activity in worldsteel. Statista. That is down 8.5 percent from the 13,717,000 net tons during the same period last year, when the capability utilization rate was 81.9 percent. The World Steel Association (worldsteel) is one of the largest and most dynamic industry associations in the world, with members in every major steel-producing country. The ideal entry-level account for individual users. Global demand for finished steel in developed economies is lower compared to developing economies (excluding China), as per data. Adjusted year-to-date production through February 20, 2021 was 12,553,000 net tons, at a capability utilization rate of 76.1 percent. Asia's … The This page was last updated on 10th January 2020. Steel consumption is anticipated to grow by roughly one percent between 2019 and 2020. Chicago, IL – Construction is one of the biggest steel consumers on the planet, using about 30 percent of worldwide steel production. ... Rebar consumption in Egypt slumps to more than 10-year low in January. Defence estimates are based on MCI assumptions concerning steel use for submarines, frigates, destroyers, tanks, and other military uses. Consumption figures to 2020 inclusive are consistent with various World Steel Association [worldsteel] assessments. Other transport includes shipbuilding (covering container ships, dry cargo ships, LPG carriers, tankers, passenger ferries) as well as rail, buses and heavy vehicles. With steel consumption forecasted by the World Steel Association to be 1.455 billion metric tons in 2013, that makes for an incredible amount of steel going into some really massive structures. Construction includes structural and building work. This article summarizes the world steel production by country.. Please authenticate by going to "My account" → "Administration". That is down 8.5 percent from the 13,717,000 net tons during the same period last year, when the capability utilization rate was 81.9 percent. In, DBS Group Research. Members represent around 85% of global steel production. Rising demand for consumer goods is likely to drive market growth as stainless steel is resistant to corrosion, exhibits high toughness and ductility, and requires low maintenance. It will make the world a better place to live. It's followed by the EU, the US, India, Japan and South Korea, according to Worldsteel. According to the World Steel Association, global steel production and consumption growth continued in 2017, albeit not as rapidly as before: •Steel output grew by 3.8 percent to 1,690 million tonnes; •Steel consumption grew by 5.1 percent to 1,693 million tonnes. "Projected Crude Steel Consumption Worldwide from 2019 to 2020 (in Million Metric Tons). worldsteel publishes monthly production statistics for crude steel, direct reduced iron (DRI) and blast furnace iron (BFI). $29 billion Economic growth and global trade would remain subdued and fragile until the second quarter of 2021, Eurofer said, with repercussions for export-oriented sectors, particularly the automotive industry. DBS Group Research. This feature is limited to our corporate solutions. With steel consumption forecasted by the World Steel Association to be 1.455 billion metric tons in 2013, that makes for an incredible amount of steel going into some really massive structures. • Steel consumption grew by 5.1 percent to 1,693 million tonnes. Asia's largest economy is expected to enter a … Global Steel Consumption and the Largest Steel Structures in the World. The growth of steel consumption, on the contrary, slowed down in numerous large economies. As soon as this statistic is updated, you will immediately be notified via e-mail. 7 Global Alloy Steel Manufacturers Profiles/Analysis. Then you can access your favorite statistics via the star in the header. Worldwide steel demand In 2019, the apparent consumption of crude steel in China amounted to approximately 940 million metric tons. April Short Range Outlook, we forecast that in 2019 and 2020 global steel demand was expected to continue to grow, but growth rates would moderate in tandem with a slowing global economy. (April 20, 2019). World crude steel production 1950 to 2019 Steel will continue to be the backbone and enabler of society’s evolution and progress. Corporate solution including all features. However, uncertainty ... energy consumption Since the 1960s, the steel industry has reduced its energy intensity per tonne of steel produced by 61%. Tubes include welded and seamless. However, steel production is expected to slow down in 2H 2018. ArcelorMittal expects global apparent steel consumption in 2021 to rise between 4.5% and 5.5%, compared with a decline of 1% in 2020, the largest global steelmaker said Feb. 11. As an infinitely recyclable and reusable asset, using steel helps to reduce the burden on the Earth’s resources. In the Radical scenario, global steel per capita decreases to 229 kg per person by 2035, which is 33 kg per person lower than the baseline forecast of 263 kg per person 0 50 100 150 200 250 300 on t) Global Steel Use per Capita Baseline Incremental Radical In the Baseline scenario, global steel per capita increases to 263 kg per person by ... Rebar consumption in Egypt slumps to more than 10-year low in January. You only have access to basic statistics. Please contact MCI. We recently concluded a global economic modelling exercise with Oxford Economics that found that in 2017 the steel industry sold US$2.5 trillion worth of products and created US$500 billion value added. The report comprises of various segments as well an analysis of the trends and factors that are playing a substantial role in the market. Global steel production grew enormously in the 20th century from a mere 28 million tonnes at the beginning of the century to 781 million tons at the end. Globally, the consumption of steel scrap increased by 3.4 percent between 2018 and 2019. The latest global steel statistics and expert market analysis. Tube data includes welded and seamless tube. The WSA (World Steel Association) expects global steel consumption to grow by 0.5% in 2015 on a YoY (year-over-year) basis. The latest global steel statistics and expert market analysis. For chart, see below. Source: World Steel Association and MCI calculations. All figures are millions of metric tonnes of finished steel. Global crude steel production is expected to reach almost 1.9 billion metric tons by 2021. Stainless steel consumption forecast. The Global IF Steel Consumption Market report provides a holistic evaluation of the market for the forecast period (2018–2027). ", DBS Group Research, Projected crude steel consumption worldwide from 2019 to 2020 (in million metric tons) Statista, https://www.statista.com/statistics/216525/global-demand-for-steel/ (last visited March 10, 2021), Projected crude steel consumption worldwide from 2019 to 2020, Crude steel production worldwide 2012-2019, Stainless steel production worldwide 2005-2019, Monthly crude steel production worldwide by market 2019-2020, Projected crude steel consumption worldwide 2019-2020, World's leading steel exporters by country 2018, World's leading steel importers by country 2018, World's stainless steel exports by region 2019, World's stainless steel imports by region 2019, Global stainless steel usage by sector 2019, Global structural steel market size 2019-2026, Global automotive & aerospace steel market size 2018-2026, Global electrical steel market size 2018-2025, Revenue of the world's largest steel companies 2020, Revenue of Baowu Steel Group in China 2014-2019, Revenue of Chinese steel company Baosteel 2009-2019, Global steel industry - Nucor Corporation's revenue 2006-2020, Use of steel scrap in leading markets 2018-2019, Scrap purchases for steelmaking leading markets 2017-2018, World's major steel scrap importing markets 2019, World's stainless steel scrap exports by region 2019, World's stainless steel scrap imports by region 2019, Demand for finished steel products worldwide 2015-2019, Iron and steel scrap: reported consumption in the U.S. 2006-2019, Americas' steel building domestic production and consumption 2016, with 2025 forecast, Americas' steel building consumption share by select country 2016, Finished steel products in the Middle East by select country 2019, Steel consumption in the NAFTA region 2012-2017, Apparent use of finished steel products in the Middle East 2010-2019, U.S. apparent aluminum consumption 2006-2020, Forecast global consumption value distribution of rare earths by application 2018, Consumption of lithium worldwide by battery and non-battery use 2008-2016, Apparent steel use worldwide by region 2019, Order volume for ordinary steel products in Japan 2016-2019, Value of base metal blades for machines exported by the United Kingdom (UK) 2011-2017, Value added by basic metals & fabricated metal products in the Netherlands 2004-2014, Production volume of aluminum wires South Korea 2010-2019, Projected crude steel consumption worldwide from 2019 to 2020 (in million metric tons), Find your information in our database containing over 20,000 reports, Tools and Tutorials explained in our Media Centre. You can only download this statistic as a Premium user. The global stainless steel market size was valued at USD 111.4 billion in 2019 and is anticipated to witness a CAGR of 6.3% in terms of revenue from 2020 to 2027. Update, Insights into the world's most important technology markets, Advertising & Media Outlook Figures are MCI estimates of finished steel consumption by grade for 2020. The World Steel Association consider that global steel demand growth in 2021 will amount to 4.1% (from 1725 million tonnes of finished products in 2020, to 1795 million tonnes in 2021). You need at least a Single Account to use this feature. https://www.statista.com/statistics/216525/global-demand-for-steel The report comprises of various segments as well an analysis of the trends and factors that are playing a substantial role in the market. Please create an employee account to be able to mark statistics as favorites. Facebook: number of monthly active users worldwide 2008-2020, Smartphone market share worldwide by vendor 2009-2020, Number of apps available in leading app stores 2020, Profit from additional features with an Employee Account. Over the first seven months of 2018, global steel output reached 1,036 million tonnes, up 5.2 percent from the same period in 2017. Eurofer adjusted its forecast 2020 decline in apparent steel consumption to 13%, from a previous 14.6% fall.
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