Estimated demand for steel worldwide between 2016 and 2018, by region (in million metric tons)*

Steel - estimated demand worldwide by region 2016-2018 The statistic shows an estimate of global steel demand between 2016 and 2018, by region. In 2018, it is predicted that Africa's steel demand will reach 40 million metric tons.
Worldwide steel demand

Steel is an important material used in shipbuilding and car manufacturing, as well as building construction and infrastructure development. However, from 2009 through 2013, the steel industry experienced a challenging period including the upheaval in the US financial markets, slowing economic growth in China, as well as the eurozone sovereign debt crisis. In 2016, a little over 1.54 billion metric tons of finished steel products was consumed globally. This figure represents a 0.5 percent increase on 2014, when just over 1.5 billion metric tons of finished steel products were consumed globally. In 2017, worldwide apparent steel use is estimated to grow to around 1.55 billion metric tons.

The increase will likely be spurred by gains in the NAFTA and EU regions, as well as growing demand in emerging economies. Meanwhile, China is expected to experience flat growth apparent steel use between 2016 and 2017. The market for steel scrap and steel recycling is predicted to spell trouble for the steel production sector.
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201620172018
Asia and
Oceania
1,005.61,0161,015
EU 28157.4158.2160.4
NAFTA132.2135.2138.5
Middle East53.154.856.8
CIS48.750.251.9
Other
Europe
40.741.743.2
Central and
South America
39.440.842.7
Africa37.938.440
201620172018
Asia and
Oceania
1,005.61,0161,015
EU 28157.4158.2160.4
NAFTA132.2135.2138.5
Middle East53.154.856.8
CIS48.750.251.9
Other
Europe
40.741.743.2
Central and
South America
39.440.842.7
Africa37.938.440

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The statistic shows an estimate of global steel demand between 2016 and 2018, by region. In 2018, it is predicted that Africa's steel demand will reach 40 million metric tons.
Worldwide steel demand

Steel is an important material used in shipbuilding and car manufacturing, as well as building construction and infrastructure development. However, from 2009 through 2013, the steel industry experienced a challenging period including the upheaval in the US financial markets, slowing economic growth in China, as well as the eurozone sovereign debt crisis. In 2016, a little over 1.54 billion metric tons of finished steel products was consumed globally. This figure represents a 0.5 percent increase on 2014, when just over 1.5 billion metric tons of finished steel products were consumed globally. In 2017, worldwide apparent steel use is estimated to grow to around 1.55 billion metric tons.

The increase will likely be spurred by gains in the NAFTA and EU regions, as well as growing demand in emerging economies. Meanwhile, China is expected to experience flat growth apparent steel use between 2016 and 2017. The market for steel scrap and steel recycling is predicted to spell trouble for the steel production sector.
Show more
Release date
April 2017
Region
Worldwide
Survey time period
2016
Supplementary notes
* The values refer to finished steel products.

The figures for 2017 and 2018 are projections.

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