World steel consumption in 2021 will increase by 5.8% – Worldsteel

World steel consumption in 2021 will increase by 5.8% compared to the previous year – to 1.874 billion tons, after a decrease in 2020 by 0.2%, to 1 billion 771.8 million tons, the World Association predicts steel producers (Worldsteel).

According to the Association’s short-term forecast, released on Thursday, it is predicted that in 2022 steel consumption will continue to grow further compared to 2021 – by 2.7%, to 1 billion 924.6 million tons.

It is noted, however, that the current projection assumes that the ongoing second or third waves of coronavirus incidence will stabilize in the second quarter and that there will be steady progress in vaccination, which will gradually return to normal in the main steel-consuming countries.

As reported, following the results of the work of metallurgical enterprises in February 2021, Ukraine reduced steel production by 2% compared to the same period in 2020 – to 1.675 million tons, retaining the 12th place in the ranking of 64 countries – the world’s main producers of these products compiled by the World Steel Association (Worldsteel).

The top ten steel-producing countries in February-2021 looks like this: China (83.046 million tons, an increase of 10.9% compared to February 2020), India (9.146 million tons, a decline of 3.1%), Japan (7.472 million tons, a drop of 5.6%), USA (6.298 million tons, a drop of 10.9%), Russia (5.730 million tons, a decrease of 1.3%), South Korea (5.483 million tons, plus 1.2%), Germany (3.097 million tons, a decrease of 10.4%), Turkey (3.020 million tons, an increase of 5.9%), Brazil (2.845 million tons, an increase of 3.8%) and Iran (2.3 million tons, an increase of 11.5% ). This is followed by Italy (2.074 million tons, an increase of 1.6%), Ukraine (1.675 million tons, a drop of 2%), Taiwan (China, 1.625 million tons, a decrease of 7.1%), Vietnam (1.580 million tons, growth by 17.9%) and Mexico (1.410 million tons, plus 0.2%).

In general, in February of this year, steel production increased by 4.1% compared to the same period last year year – up to 150.168 million tons.

For two months of this year, the top ten steel-producing countries looks like this: China (174.990 million tons, an increase of 12.9%), India (19.389 million tons, an increase of 3.4%), Japan (15.398 million tons, a decrease of 4.7%), the USA (13.272 million tons, “minus” 9.9%), Russia (12.071 million tons, 0.2% less), South Korea (11.525 million tons, an increase of 3.3%), Turkey (6.418 million tons, an increase of 9.4%), Germany (6.402 million tons, “minus” 2.6%), Brazil (5.849 million tons, an increase by 7.3%) and Iran (4.950 million tons, an increase of 10.8%).

This is followed by Italy (3.966 million tons, an increase of 1.2%), Ukraine (3.514 million tons, minus 1.1%), Taiwan (China, 3.425 million tons, “minus” 3.4%), Vietnam (3.320 million tons, an increase of 32%) and Mexico (2.969 million tons, an increase of 2%).

In general, for In two months of 2021, 64 countries produced 314.990 million tons of steel, which is 6.6% more than in the same period last year.

In 2020, the top ten steel-producing countries looked like this: China (1 billion 52.999 million tons, an increase of 5.2%), India (99.570 million tons, “minus” 10.6%), Japan (83.194 million tons, a decrease of 16.2%), Russia (73.4 million tons, an increase of 2.6%), the USA (72.690 million tons, “minus” 17.2%), South Korea (67.121 million tons, a fall of 6%), Turkey (35.763 million tons, “plus” 6%), Germany (35.658 million tons, “minus” 10%), Brazil (30.971 million tons, down 4.9%) and Iran (29.030 million tons, up 13.4%).

Ukraine followed (20.616 million tons, “minus” 1.1%), Taiwan (China, 20.570 million tons, “minus” 6.3%), Italy (20.2 million tons, a drop of 12.9%), Vietnam (19 , 5 million tons, an increase of 11.6%) and Mexico (16.8 54 million tons, a decrease of 8.3%).

In total, 64 countries produced 1 billion 829.140 million tons of steel in 2020, which is 0.9% less than in 2019.

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