Steel Industry - Statistics & Facts
Statistics and Facts on the Global Steel Industry
Since the establishment of steel mills, there have often been times when steel producers were facing an imbalance of supply and demand. Overcapacities in the sector became the new normal when China, the world's largest producer of steel, ramped up its production and flooded the markets, including the United States, with cheap steel: U.S. steel imports peaked in 2015, when the trade deficit reached 745.66 billion U.S. dollars. This figure fell to around 734 billion U.S. dollars in 2016. In 2015, as a result of weak demand from China's domestic construction sector and an overall decline in GDP growth, the Chinese steel industry encountered its first annual contraction in about 25 years.
With 2015 steel output of around 97 million metric tons, Luxembourg-based steel maker ArcelorMittal is currently the world’s largest steel producing company. U.S.-based companies Nucor and U.S. Steel were ranked 14th and 24th, respectively in 2015.
Steel is an alloy which mainly consists of iron but is typically made by combining iron and other elements. These additional elements and the right temperature play a crucial role when it comes to changing the metal's properties in terms of strength, toughness, ductility, weldability and durability. The perfect combination of iron and other elements, including manganese, carbon or base metals such as nickel and copper, help produce the type of steel that is the best fit for a certain need. The most widespread methods to alter the properties of steel include annealing, tempering, quenching and peening, as well as hot or cold rolling. Steel plays an essential role in infrastructure development and building construction, as well as in car manufacturing and shipbuilding. In light of increasing environmental awareness, it has to be emphasized that this ferrous metal is one of the most widely recycled materials worldwide. About 1.6 billion metric tons of crude steel was produced globally in 2015. That year, worldwide consumption of steel scrap came to around 555 million metric tons.
Picture: istockphoto.com / 3dfoto
|Global crude steel production as a percentage of total manganese consumption||90%||Details →|
|Global production of manganese ore (in metric tons)||20m||Details →|
|Global price of manganese||$3.1/DMTU||Details →|
|Global production of steel scrap (in metric tons)||555m||Details →|
|Scrap purchases for steelmaking worldwide (in metric tons)||355m||Details →|
|Leading steel scrap exporting region||EU-28||Details →|
- Iron ore mine production by country 2009-2016+Iron ore mine production by country 2009-2016
Major countries in iron ore mine production worldwide from 2009 to 2016 (in million metric tons)*
- Steel production and scrap consumption worldwide 2005-2015+Steel production and scrap consumption worldwide 2005-2015
World steel production and scrap consumption from 2005 to 2015 (in million metric tons)
- Steel producers worldwide based on production volume 2015Steel producers worldwide based on production volume 2015
The world's largest crude steel producers in 2015, ranked by production volume (in million metric tons)
- Worldwide weekend box office revenue - May 2017Worldwide weekend box office revenue - May 2017
- China: Consumer Price Index (CPI) in China by sector and area March 2017China: Consumer Price Index (CPI) in China by sector and area March 2017
- Monthly price of nickel at LME 2016-2017Monthly price of nickel at LME 2016-2017
- Iron ore prices monthly 2016-2017Iron ore prices monthly 2016-2017
- Global iron ore production gross weight 2006-2014Global iron ore production gross weight 2006-2014