Steel Trade Association Published Statistical Yearbook 2020

SEATTLE (Scrap Monster): The World Steel Association (worldsteel) announced publication of Steel Statistical Yearbook 2020. The yearbook presents a cross section of the world steel industry statistics for the past decade and is based on the information supplied by both members and non-members.

The total crude steel production was 1.875 million tonnes (Mt). The major contributor was the Asian region, whose output totalled 1.349 Mt. The Chinese production totalled 996,342 tonnes, which accounted for 74% of the Asian and 53% of the global steel output. It must be noted that world crude steel production had totalled only 1.435 Mt in 2010.

The crude steel production from oxygen-blown converters accounted for 71.6% of the world output, followed by electric furnaces with 27.9%. Open hearth furnaces contributed only 0.3% of the total production. Also, the production of hot rolled products totalled 1.756 Mt in 2019, as compared with 1.368 Mt in 2010.

The world exported 439,424 tonnes of semi-finished and finished steel products. Asia and EU-28 were the two largest exporting regions. On the other hands, imports totalled 438,457 tonnes.

The world apparent steel use surged higher from 1.420 Mt in 2010 to 1.889 Mt in 2019. The apparent per capita steel use was 245 tonnes. The yearbook noted that apparent use of finished steel amounted to 1.767 Mt during the previous year.

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