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Global steel production and consumption in 2020[06/15/2021]
The World Steel Association’s recently released "World Steel Statistics for 2021" shows that the global crude steel output in 2020 is 1.878 billion tons, an increase of 0.5% year-on-year, and the compound annual growth rate of crude steel output from 2015 to 2020 is 3.0%. In terms of process, in 2020, the global converter steel output will account for 73.2%, electric furnace steel will account for 26.3%, and the global average continuous casting ratio will reach 96.9%. In 2020, China's crude steel output reached 1.053 billion tons, an increase of 5.2% year-on-year, and its output accounted for 56.7%, an increase of 12.2 percentage points from 2010.
In 2020, the global export volume of steel products (finished products + semi-finished products) was 400 million tons, a year-on-year decrease of 8.7%. The export volume accounted for 22.9% of production, which was the second lowest level only higher than 22.6% in 1975 and a decrease of 2.2 units from 2019. percentage point. The new crown pneumonia epidemic that swept the world in 2020 is the main reason for the decline in global steel exports and export proportions.
From the perspective of apparent consumption, the global apparent consumption of finished steel in 2020 was 1.772 billion tons, a slight decrease of 0.2% year-on-year. Among them, only China, Turkey, Brazil, and Taiwan's apparent consumption increased year-on-year, with Turkey having the highest growth rate of 13.0%. In 2020, China's apparent consumption of finished steel products was 995 million tons, a year-on-year increase of 9.1%, accounting for 56.2% of the world's share, an increase of 11.5% compared to 2010. The country with the largest decline in apparent consumption of finished steel in 2020 is Italy, which fell 20.4% year-on-year to 19.99 million tons.
In 2020, the global apparent consumption of finished steel per capita was 227.5 kg, a year-on-year decrease of 1.2%. Only China, Brazil and Taiwan, China's apparent consumption per capita increased year-on-year. South Korea's per capita apparent consumption of finished steel products ranks first in the world with 954.9 kilograms, followed by Taiwan, China, with 777 kilograms, and China ranks third. In 2020, China's per capita apparent consumption of finished steel was 691.3 kg, an increase of 8.7% year-on-year, and the growth rate ranked first in the world. Venezuela, India and South Africa rank the bottom three, with per capita apparent consumption of finished steel products of only 3 kg, 64.2 kg and 67 kg respectively.
In 2020, global pig iron production was 1.319 billion tons, a slight decrease of 0.6% year-on-year; apparent consumption was 1.32 billion tons, a year-on-year increase of 3.0%. In 2020, global direct reduced iron production was 106 million tons, a year-on-year decrease of 4.8%.