Statistics and Market Data on Metals
In this section, Statista presents the most relevant and up-to-date facts relating to the metal industry.
Many metals are among the most valuable commodities worldwide. Typically, the metals’ ores are found in the earth’s crust, where they are extracted through mining. While some metals such as precious metals are characterized by their relative scarcity, other metals such as steel are comparatively abundant. Not only is steel one of the most common metals, but it is also one of the most-widely recycled metals worldwide. In 2012, worldwide consumption of steel scrap came to around 570 million metric tons. The ferrous alloy plays an essential role in infrastructure development and building construction, as well as in car manufacturing and shipbuilding.
With 2012 revenue of around 80 billion U.S. dollars, Luxembourg-based steel maker ArcelorMittal is currently the world’s largest steel producing company. Alcoa and Nucor are the main manufacturers of primary metals in the United States, while United States Steel and Illinois Tool Works are ranked as the largest manufacturers of fabricated metals. The major producing countries for metals include Russia, the United States and China. In terms of market value, BHP Billiton, Rio Tinto and Vale top the list of the world’s leading mining companies.