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Steel News May 30, 2017 12:00:57 PM

worldsteel Publishes 2017 Edition of ‘World Steel in Figures'

Paul Ploumis
ScrapMonster Author
The World Steel Association (worldsteel) has announced publication of the 2017 edition of ‘World Steel in Figures’.

worldsteel Publishes 2017 Edition of ‘World Steel in Figures'

SPOKANE (Scrap Monster):  The World Steel Association (worldsteel) has published the 2017 edition of ‘World Steel in Figures’. The yearly publication provides comprehensive overview of latest activities in global steel sector and indications of global trade flows along with key facts and figures for the year 2016.

According to the report, the global steel production has more than tripled from less than 500 million tonnes in 1967 to as high as nearly 1,600 million tonnes in 2016. The new industrializing nations such as Brazil, China, India, Iran and Mexico accounted for much of the steel production growth over the past 50 years. The innovations that have driven the efficiency of steel manufacturing process and level of sustainability standards will continue over the next 50 years, the publication noted.

Top steel-producing countries

The top twenty steel-producing countries in 2016 is listed in the below table. It must be noted that the tonnage is in million tonnes.

Rank

Country

Tonnage

1

China

808.4

2

Japan

104.8

3

India

95.6

4

United States

78.5

5

Russia

70.8

6

South Korea

68.6

7

Germany

42.1

8

Turkey

33.2

9

Brazil

31.3

10

Ukraine

24.2

11

Italy

23.4

12

Taiwan, China

21.8

13

Mexico

18.8

14

Iran

17.9

15

France

14.4

16

Spain

13.6

17

Canada

12.6

18

Poland

9.0

19

Vietnam

7.8

20

Belgium

7.7

Major Steelmakers in the world

The table below lists the top twenty steelmakers of the world during 2016.

Rank

Company

Tonnage

1

ArcelorMittal

95.45

2

China Baowu Group

63.81

3

HBIS Group

46.18

4

NSSMC Group

46.16

5

POSCO

41.56

6

Shagang Group

33.25

7

Ansteel Group

33.19

8

JFE Steel

30.29

9

Shougang Group

26.80

10

Tata Steel Group

24.49

11

Shandong Steel Group

23.02

12

Nucor Corporation

21.95

13

Hyundai Steel

20.09

14

Maanshan Steel

18.63

15

Thyssenkrupp

17.24

16

NLMK

16.64

17

Jianlong Group

16.45

18

Gerdaau

15.95

19

China Steel Corporation

15.52

20

Valin Group

15.48

Note: Tonnage in million tonnes (Mt)

 

Major Importers of Steel in 2016

Rank

Country

Tonnage (Mt)

1

EU-28

40.4

2

United States

30.9

3

Germany

25.5

4

South Korea

23.3

5

Italy

19.6

6

Vietnam

19.5

7

Thailand

17.6

8

Turkey

17.0

9

France

14.6

10

China

13.6

 

Major Exporters of Steel in 2016

Rank

Country

Tonnage (Mt)

1

China

108.1

2

Japan

40.5

3

Russia

31.2

4

South Korea

30.6

5

EU-28

29.9

6

Germany

25.1

7

Ukraine

18.2

8

Italy

17.9

9

Belgium

16.7

10

Turkey

15.3

 

Regions with the highest apparent steel use per capita

Rank

Country

Tonnage (Mt)

1

Other Europe

363.9

2

EU-28

311.4

3

NAFTA

270.3

4

Asia

253.6

5

Middle East

222.0

6

CIS

184.6

7

Central & South America

80.3

8

Africa

31.3

About World Steel Association

The World Steel Association (worldsteel) is one of the largest and most dynamic industry associations in the world. worldsteel represents approximately 150 steel producers (including 9 of the world's 10 largest steel companies), national and regional steel industry associations, and steel research institutes. worldsteel members represent around 85% of world steel production.

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