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SteelHome Podcast: The Snapshot of Key Steel Producing Countries

https://en.steelhome.com [SteelHome] 2021-01-29 09:31:19

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Hi everyone, welcome to SteelHome Podcast. As we know, World Steel Association on Tuesday publishes global crude steel production in 2020. The combined production of 64 nations, traded by the steel association, totaled 1.829 billion tons, a drop of 0.9 percent on yearly basis.

The top ten producing countries are China, India, Japan, Russia, USA, South Korea, Turkey, Germany, Brazil and Iran.

China, reporting 1.05 billion tons of crude steel production, takes the lead in the rank and hit the record. 2020 witnessed the effectively-contained Covid-19 infections and the robustly growing demand in domestic market, which contributes the steel production in the country.

India produced 99.57 million tons of crude steel, falling below than 100 million tons for first time in recent four years.

Japan suffered a drop of 16.2 percent to 83.19 million tons; similarly, USA’s production was down by 17.2 percent to 72.69 million tons. The two nations were badly hit by widely-spread coronavirus, which generates the stumbling recovery.

Iran produced 29.03 million tons, up 13.4 percent. The increment in domestic demand and the improvement in export market triggered the Middle East nation.

Last but not least, let’s have our eyes on Vietnam, which generated 19.50 million tons of crude steel in 2020 and ranked 14th in the world. With newly-built capacity put into operation, Vietnam’s steel production reported annual 2-3.5 million tons of addition in recent four years.

What is the development in 2021 crude steel production in the world? Let’s wait and see.

Note: All the data is available on SteelHome Database, to download https://www.steelhome.cn/english/database.php

SteelHome publishes podcast video every working day, and expect to introduce your product or service to Chinese audience via our platform.


(To contact the reporter on this story: tina.tong@steelhome.cn or 86-21-50585733 15800777957)
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