World Steel Statistics in 2021 From WorldSteel.

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The world iron and Steel Association released the latest journal “World Steel Statistics 2021”, which introduces the overall development of the iron and steel industry through the main indicators of steel output, apparent consumption of steel, global steel trade volume, iron ore output and trade volume.

Edwin bassoon, director general of the world iron and Steel Association, said in the preface of the Journal: “the iron and steel industry is not only the core of global economic development, but also the core of sustainable development of modern society. Despite the impact of the COVID-19 pandemic, due to the different degree of influence from different regions, steel demand will only shrink slightly by the end of 2020, which is undoubtedly lucky for the global steel industry. China’s steel consumption is expanding, while the rest of the world is shrinking. Thanks to the steady progress of new crown vaccination in various countries and the change of social behavior of the whole society, we expect the demand for steel to return to normal in 2021. “

According to the World Steel Statistics in 2021, the global crude steel output in 2020 will be 1.878 billion tons, with a year-on-year growth of 0.5%, and the average annual compound growth rate of crude steel output from 2015 to 2020 will be 3.0%. In terms of process, in 2020, the global converter steel output will account for 73.2%, EAF steel will account for 26.3%, and the global average continuous casting ratio will reach 96.9%. In 2020, China’s crude steel output will reach 1.053 billion tons, with a year-on-year growth of 5.2%, accounting for 56.7%, 12.2 percentage points higher than that in 2010.

In 2020, the export volume of global steel (finished products + semi-finished products) will be 400 million tons, with a year-on-year decrease of 8.7%. The proportion of export volume in output will be 22.9%, which is only the second lowest level higher than 22.6% in 1975 and 2.2% lower than that in 2019. The novel coronavirus pneumonia epidemic that swept the world in 2020 was the main reason for the global steel export volume and export ratio decreasing.

From the perspective of apparent consumption, the global apparent consumption of finished steel products in 2020 will be 1.772 billion tons, a slight decrease of 0.2% year on year. Among them, only China, Turkey, Brazil and Taiwan saw year-on-year growth in apparent consumption, with Turkey having the highest growth rate of 13.0%. In 2020, the apparent consumption of finished steel products in China will be 995 million tons, with a year-on-year growth of 9.1%, accounting for 56.2% of the world, 11.5 percentage points higher than that in 2010. In 2020, the country with the largest decline in the apparent consumption of finished steel products is Italy, with a year-on-year decline of 20.4% to 19.9 million tons.

In 2020, the world’s per capita apparent consumption of finished steel products will be 227.5kg, a year-on-year decrease of 1.2%. Only the per capita apparent consumption of China, Brazil and Taiwan will increase year-on-year. South Korea’s per capita apparent consumption of finished steel products ranked first in the world, with 954.9kg, followed by Taiwan, with 777kg, and China ranked third. In 2020, China’s per capita apparent consumption of finished steel products will be 691.3kg, with a year-on-year growth of 8.7%, ranking the first in the world. Venezuela, India and South Africa ranked the last three, and the per capita apparent consumption of finished steel products was only 3kg, 64.2kg and 67kg respectively.

In 2020, the global pig iron output will be 1.319 billion tons, with a year-on-year growth of 0.6%; Apparent consumption was 1.32 billion tons, up 3.0% year on year. In 2020, the global output of DRI will be 106 million tons, a year-on-year decrease of 4.8%.

The World Steel Association also announced the output ranking of major steel companies in 2020. Baowu of China ranked first in the world with 115 million tons, while ArcelorMittal, Hechang Steel Group, Shagang Group and Nippon Steel Co., Ltd. ranked second, third, fourth and fifth with 78.46 million tons, 43.76 million tons, 41.59 million tons and 41.58 million tons respectively.

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