41k
9.6k
Premium
Premium statistics

Industry-specific and extensively researched technical data (partially from exclusive partnerships).

A paid subscription is required for full access.

Read more

Crude steel output - worldwide 2010-2019

Global crude steel output from 2010 to 2019 (in million metric tons)

by I. Wagner, last edited Aug 9, 2019
Crude steel output - worldwide 2010-2019 Global crude steel production is expected to have reached almost 1.7 billion metric tons by 2017 and remain at this level in the following years. Apart from being produced by raw materials, steel may be recycled and many countries import scraps in order to do so. Over 60 percent of the worlds scrap steel becomes recycled.
Steel set to grow in all markets

Output of crude steel had exploded from 2004 to 2014, reaching 1.67 billion metric tons before stagnating. Since 2016, however, production had increased again and it is estimated to stay on good ground. This aligns with estimates of global steel consumption, which is expected to continue to increase through 2021. Steel is one of the most commonly used metals across the globe. This is due to its key role in civil engineering construction and major appliances fabrication, which utilize the alloy’s strength and durability. Steel also plays an important role in discrete manufacturing - from surgical instruments to wristwatches.

Worldwide production has increased incredibly over the last decade, and this has a lot to do with China’s immense productivity. This country produced almost half of the world’s crude steel in 2016 and exported a staggering 108 million tons in the same year. To put that into perspective, Canada, Mexico, and the U.S. accounted for 6.8 percent of global production combined. Increased production of steel may be vital in the coming years as economies around the globe increase their demand for the resource. Global consumption is expected to grow somewhat significantly by 36 million tons from 2019 to 2021 and, as the largest consumer of steel, China will be a major part of that growth.

However, production and consumption in China is expected to stagnate. Concurrently, steel manufacturers in the United States have been picking up serious pace. Following the 25 percent tariffs on steel imported from certain countries, the cost of steel in the United States had immediately risen, and domestic production became more profitable. The largest steel producer in the United States, Nucor, saw its sales increase from 16.2 billion U.S. dollars to nearly 20.3 billion in the same period.
Show more

Global crude steel output from 2010 to 2019 (in million metric tons)

Demand in million metric tons
--
--
--
--
--
--
--
--
--
--
Demand in million metric tons
--
--
--
--
--
--
--
--
--
--
Exclusive Premium statistic

You need a Premium Account for unlimited access.

  • Full access to 1m statistics

  • Incl. source references

  • Available to download in PNG, PDF, XLS format

Premium Account
only $49 / month *
*Duration: 12 months, billed annually, single license

Access to this and all other statistics on 80,000 topics from

$588 / Year

Exclusive Premium statistic

You need a Premium Account for unlimited access.

  • Full access to 1m statistics

  • Incl. source references

  • Available to download in PNG, PDF, XLS format

Premium Account
only $49 / month *
*Duration: 12 months, billed annually, single license

Access to this and all other statistics on 80,000 topics from

$588 / Year

© Statista 2019

About this statistic

Show source

Download Settings Share
Download started
Please be patient - this may take a moment
by I. Wagner, last edited Aug 9, 2019
Global crude steel production is expected to have reached almost 1.7 billion metric tons by 2017 and remain at this level in the following years. Apart from being produced by raw materials, steel may be recycled and many countries import scraps in order to do so. Over 60 percent of the worlds scrap steel becomes recycled.

Steel set to grow in all markets

Output of crude steel had exploded from 2004 to 2014, reaching 1.67 billion metric tons before stagnating. Since 2016, however, production had increased again and it is estimated to stay on good ground. This aligns with estimates of global steel consumption, which is expected to continue to increase through 2021. Steel is one of the most commonly used metals across the globe. This is due to its key role in civil engineering construction and major appliances fabrication, which utilize the alloy’s strength and durability. Steel also plays an important role in discrete manufacturing - from surgical instruments to wristwatches.

Worldwide production has increased incredibly over the last decade, and this has a lot to do with China’s immense productivity. This country produced almost half of the world’s crude steel in 2016 and exported a staggering 108 million tons in the same year. To put that into perspective, Canada, Mexico, and the U.S. accounted for 6.8 percent of global production combined. Increased production of steel may be vital in the coming years as economies around the globe increase their demand for the resource. Global consumption is expected to grow somewhat significantly by 36 million tons from 2019 to 2021 and, as the largest consumer of steel, China will be a major part of that growth.

However, production and consumption in China is expected to stagnate. Concurrently, steel manufacturers in the United States have been picking up serious pace. Following the 25 percent tariffs on steel imported from certain countries, the cost of steel in the United States had immediately risen, and domestic production became more profitable. The largest steel producer in the United States, Nucor, saw its sales increase from 16.2 billion U.S. dollars to nearly 20.3 billion in the same period.
Show more

Other statistics on the topic

Steel Industry
Iron ore mine production by country 2014-2018+

Mining, Metals & Minerals

Iron ore mine production by country 2014-2018

World hrc benchmark steel prices 2018-2020+

Metals

World hrc benchmark steel prices 2018-2020

Steel producers worldwide based on production volume 2018

Metals

Steel producers worldwide based on production volume 2018

Steel scrap - major exporting countries based on volume 2018+

Metals

Steel scrap - major exporting countries based on volume 2018

Statista Accounts: Access All Statistics. Starting from $588 / Year
Basic Account
Get to know the platform

You only have access to basic statistics.
This statistic is not included in your account!

Premium Account
Your perfect start with Statista
  • Instant access to 1m statistics
  • Download in XLS, PDF & PNG format
  • Detailed references

$49 / Month *

Corporate Account
Full access

Corporate solution including all features.

* All products require an annual contract.
   Prices do not include sales tax.
Leading companies trust Statista:
paypalgoogleadobepgsamsungtelekom
Related Studies: Available to Download in PDF or PPTX Format
Global steel market
Global steel market

All Information
in one Presentation

Global steel market
  • 45 page/s
  • English
  • pptx
  • Detailed references

Everything On "Global steel market" in One Document: Edited and Divided into Handy Chapters. Including Detailed References.

Go to dossier
Statista has been my savior on several occasions. The site is easy to maneuver and the data is in a format that can go right into a report or presentation.
Marlene Greenfield

Marlene Greenfield
Vice President, Hearst Magazines

Statistics on "Global steel market"
  • Supply and demand
The most important statistics
  • Iron ore and manganese production
  • Leading companies
  • Steel scrap
Discover Statista
Need help with using Statista for your research? Tutorials and first steps
Further Content: Statistics, Studies, and Topic Pages
Statistics
Topics
Studies
Learn more about how Statista can support your business.
Do you have any questions about our business solutions?

We provide you with detailed information about our Corporate Account.

Menu