GLOBAL CRUDE STEEL MANUFACTURING RISES 4.1% YOY IN FEB 2021

In February 2021, the world’s crude steel manufacturing production for the 64 countries was 150.2 million tonnes (Mt) which rose 4.1% year on year reporting to the World Steel Association (worldsteel)

Overview

The chart below shows the total crude steel production in the world, China and ROW (the rest of the world) between Sept 2019 and Feb 2021.

Global crude steel production reached 1,864.0 million tonnes (Mt) for the year 2020, down by 0.9% compared to 2019 due to COVID-19 pandemic. But in 2021, we can see stronger recovery in global demand of steel fabrication

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Crude steel manufacturing by region

The 64 countries included in the below table accounted for approximately 98% of total world crude steel output in 2020. Regions and countries covered by the table:

  • Africa: Egypt, Libya, South Africa
  • Asia and Oceania: Australia, China, India, Japan, New Zealand, Pakistan, South Korea, Taiwan (China), Vietnam
  • CIS: Belarus, Kazakhstan, Moldova, Russia, Ukraine, Uzbekistan
  • European Union (27)
  • Europe, Other: Bosnia-Herzegovina, Macedonia, Norway, Serbia, Turkey, United Kingdom
  • Middle East: Iran, Qatar, Saudi Arabia, United Arab Emirates
  • North America: Canada, Cuba, El Salvador, Guatemala, Mexico, United States
  • South America: Argentina, Brazil, Chile, Colombia, Ecuador, Paraguay, Peru, Uruguay, Venezuela
Table 1. Crude steel production by region
Feb 2021 (Mt) % change Feb 21/20 Jan-Feb 2021 (Mt) % change Jan-Feb 21/20
Africa 1.2 -6.4 2.4 -6.9
Asia and Oceania 109.7 7.5 230.8 10.1
CIS 8.0 -1.5 16.8 -0.4
EU (27) 11.9 -7.1 24.1 -3.7
Europe, Other 3.9 5.2 8.2 6.9
Middle East 3.2 -0.9 6.8 0.4
North America 8.8 -8.9 18.5 -7.1
South America 3.5 2.2 7.3 6.6
Total 64 countries 150.2 4.1 315.0 6.6

Crude steel manufacturing by top 10 steel-producing countries

  • China – the world’s biggest steelmaking country is estimated to have produced 83.0 Mt in February 2021, up 10.9% on February 2020.
  • In contrast to increasing output in China, India produced 9.1 Mt, down 3.1%.
  • Same as India, Japan production decreased by 5.6% with 7.5 Mt
  • The United States produced 6.3 Mt, down 10.9%.
  • Russia is estimated to have produced 5.7 Mt, down 1.3%.
  • South Korea produced 5.5 Mt, up 1.2%.
  • Turkey produced 3.0 Mt, up 5.9%.
  • Germany produced 3.1 Mt, down 10.4%.
  • Brazil produced 2.8 Mt, up 3.8%.
  • Iran is estimated to have produced 2.3 Mt, up 11.5%.
Table 2. Top 10 steel-producing countries
Feb 2021 (Mt) % change Feb 21/20 Jan-Feb 2021 (Mt) % change Jan-Feb 21/20
China 83.0 e 10.9 175.0 12.9
India 9.1 -3.1 19.4 3.4
Japan 7.5 -5.6 15.4 -4.7
United States 6.3 -10.9 13.3 -9.9
Russia 5.7 e -1.3 12.1 -0.2
South Korea 5.5 1.2 11.5 3.3
Turkey 3.0 5.9 6.4 9.4
Germany 3.1 -10.4 6.4 -2.6
Brazil 2.8 3.8 5.8 7.3
Iran 2.3 e 11.5 5.0 10.8

e – estimated. Ranking of top 10 producing countries is based on year-to-date aggregate

Source: The World Steel Association (worldsteel) – one of the largest and most dynamic industry associations in the world, with members in every major steel-producing country.

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