Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

Global crude steel production dropped by 0.9pc in 2020 to 1.8bn mt compared to 2019, according to the World Steel Association (worldsteel). 


Asia’s crude steel output increased by 1.5pc in 2020 to 1.3bn mt from the prior year. In 2020, China’s steel output increased by 5.2pc to 1.05bn mt from the previous year, while India’s declined by 10pc to 99.6mn mt. Japan’s crude steel output fell by 16.2pc to 83.2mn mt and South Korea’s production dropped by 6pc drop to 67.1mn mt during the same period.


EU’s crude steel output in 2020 declined by 11.8pc to 138.8mn mt from 2019 and within the region, Germany’s crude steel production fell by 10pc to 35.7mn mt during the same time frame.


Raw steel production in the CIS rose by 1.5pc in 2020 to 102mn mt compared to 2019. Russia’s output increased by 2.6pc to 73.4mn mt and Ukraine’s crude steel production declined by 1.1pc to 20.6mn mt during this period.


In the Middle East, crude steel production grew by 2.5pc growth to 45.4mn mt in 2020 from 2019. In this region, Iran’s crude steel output rose by 13.4pc to 29mn mt in 2020 compared to 2019, while Turkey’s output rose by 6pc to 35.8mn mt in the same period. 


Crude steel output in North America reduced by 15.5pc to 101.1mn mt in 2020 from the previous year, with The US witnessing a 17.2pc drop to 72.7mn mt.


Raw steel production declined by 8.4pc in South America to 38.2mn mt in 2020 compared to 2019 with Brazil’s crude steel production dropping by 4.9pc to 31mn mt in 2020 from the previous year. 


Africa’s crude steel production was flat at 17.2mn mt in 2020 compared with 2019, though Oceania’s output reduced by 1.4pc to 6.1mn mt during this time frame. 

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