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In 2020, the global crude steel production capacity reached to 2.452.7 billion tons[10/19/2021]
According to a report recently released by the OECD, the global crude steel production capacity in 2020 will be 2,452.7 million tons, an increase of 37.6 million tons or 1.6% over 2019. In the two years from 2019 to 2020, the global crude steel production capacity will increase by 73.7 million tons. Almost all of the increase will be in Asia and the Middle East, which are 61.1 million tons and 11.9 million tons respectively.
Crude steel production capacity in various regions
In 2020, the crude steel production capacity in Asia will reach 1,646.3 million tons; followed by Europe with a production capacity of 291 million tons; North America has the third largest production capacity with 156.5 million tons. In addition, the CIS countries have a production capacity of 143.6 million tons, the Latin America region has a production capacity of 77.5 million tons, the Middle East countries have a production capacity of 86.7 million tons, and the African region has a production capacity of 44.7 million tons.
In 2020, the global new crude steel production capacity will be mainly in Asia, reaching 28.8 million tons, a year-on-year increase of 1.8%. Among them, ASEAN-6 domestic capacity increased by 3.5 million tons, a year-on-year increase of 6.0%; Middle Eastern countries increased by 7.2 million tons, a year-on-year increase of 9.1%; Crude steel production capacity in the North American Free Trade Zone increased by 3.3 million tons, a year-on-year increase of 2.1%; CIS countries increased by 250,000 tons, a year-on-year increase of 0.2%; African crude steel production capacity increased by 40,000 tons, a year-on-year increase of 0.1%; European crude steel production capacity decreased 1.4 million tons, a year-on-year decrease of 0.5%; Latin America's production capacity decreased by 500,000 tons, a year-on-year decrease of 0.6%. There is no new investment or permanent closure of production capacity in Oceania, so there is no change in production capacity.
Comparison of capacity and output
Although global crude steel production capacity increased to 2,452.7 million tons in 2020, global steel production fell to 1,829.1 million tons year-on-year, and the global crude steel production capacity and output gap expanded from 568.7 million tons in 2019 to 624.9 million tons. The proportion of world steel production in production capacity has slightly decreased from 76.5% in 2019 to 74.5% in 2020.