|In 2018, Chinese crude steel production is known to exceed over 900 million tons in spite of the attenuated production capacity. According to the statistics released by the World Steel Association, Chinese crude steel production last year was 92.83 million tons, representing a 6.6 percent rise over a year earlier. The level equates to even 51.3 percent share of the global crude steel output last year.
China had exceeded over 50 percent share in 2017 with a total of 870.9 million tons while the world crude steel production registered 1,729.8 million tons. Looking at a trend of the past eight years crude steel production in the world, the pace has shown a constant increase apart from 2015. Of which China’s crude steel production continued over 700 million tons level, reaching 928.3 million tons, last year. China outstripped 800 million tons crude steel output in 2018.
China’s crude steel production was 638.7 million tons in 2010, but expanded to 720 million tons the following year, and in 2013, reached 813.1 million tons in 2013. China sustained 800 million tons over three years on streak thereafter. In 2016, China’s crude steel output decreased to 786.9 million tons in 2016, but recovered to 800 million tons range the following year. Meanwhile, India’s raw steel production leapfrogged Japan last year, taking the second largest steel producing country in the world while Korea also stepped up to the world’s No.5 largest steel prouder.
Source: Steel&Metal News