world-steel-production-2021
Global Steel Production (Illustrations)

The World Steel Association announced, on Thursday, that global crude steel production during the first eight months of 2021 increased by 10.6 percent year on year, amid the economic recovery from the repercussions of Corona and the improvement in demand for steel.

The union clarified in a report that global steel production recorded 1.321 billion tons in the first 8 months of this year, up from 1.18 billion tons in the same period of 2020.

According to the report, China, the world’s largest steel producer and consumer, led the recovery of crude steel production during the period in terms of volume, after its output rose 5.3 percent to 733 million tons.

India came in second place with a production volume of 77.7 million tons, an annual increase of 25.6%, then Japan, with a production of 64 million tons, a growth of 17%.

The United States ranked fourth with a production volume of 57.1 million tons, a growth of 19.5 percent, followed by Russia, with a production volume of 50.8 million tons, an increase of 7.7 percent.

South Korea rose 8.4 percent to 47.5 million tons during the period ending in August.

Germany ranked seventh in the world with a production volume of 26.7 million tons, a growth of 16.7 percent.

Turkey recorded a growth in production by 16.7 percent to 24.4 million tons, ranking eighth in the world, followed by Brazil and Iran in the ninth and tenth places, with a production volume of 24.1 million and 20.4 million tons, respectively.

Global steel production recorded 1.864 billion tons in 2020, compared to 1.880 billion tons in the previous year, with a marginal decline of 0.9%, despite the repercussions of Corona on the global economy.

The Corona pandemic led to the imposition of a comprehensive ban during the past year, which led to the suspension of commercial activities and industries that depend on crude steel, which affected global demand.

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