Global Crude Steel Production in 2020 to Recover to 2019 Level
Global Crude Steel ProductionWorldsteel

Global Crude Steel Production in 2020 to Recover to 2019 Level

World crude steel production for the 64 countries reporting to the World Steel Association was 158.3 million tonnes in November 2020, a 6.6% increase

World crude steel production for the 64 countries reporting to the World Steel Association was 158.3 million tonnes in November 2020, a 6.6% increase compared to November 2019. China produced 87.7 million tonnes of crude steel in November 2020, an increase of 8.0% compared to November 2019. India produced 9.2 million tonnes of crude steel, up 3.5% YoY. Japan produced 7.3 million tonnes of crude steel, down 5.9% YoY. United States produced 6.1 million tonnes of crude steel, a decrease of 13.7% YoY. Russia’s crude steel production was 5.9 million tonnes, up by 1.4% YoY. South Korea’s crude steel production was 5.8 million tonnes, down by 2.4% YoY. South Korea’s crude steel production as 5.8 million tonnes, down by 2.4% YoY. Vietnam’s crude steel production was 4.1 million tonnes, up by 166.7% YoY. Germany’s crude steel production was 3.4 million tonnes, up by 14.8% YoY. Turkey’s crude steel production was 3.2 million tonnes, up by 11.6% YoY. Brazil’s crude steel production was 3.0 million tonnes, up by 11.2% YoY.

World produced 1672.5 million tonnes of crude steel in January-November 2020 down 1.1% YoY. China produced 963.2 million tonnes of crude steel in 11 months of 2020, an increase of 5.7% YoY. India produced 89.4 million tonnes of crude steel, down 12.3% YoY. Japan produced 75.7 million tonnes of crude steel, down 17.3% YoY. United States produced 66.1 million tonnes of crude steel, a decrease of 17.9% YoY. Russia’s crude steel production was 65.2 million tonnes, down by 0.6% YoY.

Assuming that crude steel production in December 2020 will be at levels simalr to November 2020, 158.3 million tonnes, the estimated crude steel production in 2020 adds to 1831 million tonnes, marginally lower than 1843 million tonnes in 2019

Worldsteel added “Due to the on going difficulties presented by the COVID-19 pandemic, many of this month’s figures are estimates that may be revised with next month’s production update.”

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