Global crude steel production is expected to reach a new high in 2021

According to the forecast, the global production of crude steel will exceed 1.9 billion tons in 2021. After the first wave of the COVID-19 epidemic, dozens of blast furnaces that were idle a year ago in Europe, Brazil, the United States and Japan have been restarted.

The steel market was boosted by strong growth in steel production in China and elsewhere in the first half of this year. Global steelmakers have begun to accelerate production resumptions from the second half of 2020 to meet the growing demand for steel.

According to the World Steel Association (worldsteel), the world production of crude steel this year, according to conservative estimates, will reach 1.9 billion tons, while the overestimated estimate will be 2 billion tons.

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