U.S. steel production figures 2006-2021
The U.S. steel market
Since 2009, annual iron and steel manufacturing in the United States had increased from more than 70 billion U.S. dollars in revenue to 101 billion U.S. dollars in 2014. The U.S. steel industry produced a projected 110 billion U.S. dollars in 2021, a 21 percent increase from the 2020 production value which was 91 billion, with about 50 companies operating in the raw steel production market in the country. One of the largest steel producers in the United States is the North-Carolina-based Nucor Corporation. In the 2021 financial year, the steel producer recorded some 38.5 billion in revenue. In a global comparison of crude steel producers, Nucor was ranked fourteenth in 2020, producing around 22.69 million metric tons of crude steel.
Global steel production
Over the last several years, the global production of crude steel has experienced consistent growth. Since 2003, annual crude steel production increased from 971.02 million metric tons to 1.86 billion metric tons in 2020, despite a dip in global demand in 2020. China was the leading crude steel producer in 2019, holding more than half of the global market compared to other countries and regions. Raw steel production worldwide is projected to grow over 1.9 billion metric tons in 2021 and 2022. Steel is widely used in building construction, infrastructure development and other applications.