The global apparent consumption of steel is 1.772 billion tons in 2020

According to the World Steel Statistics in 2021 recently released by the World Steel Association, the global crude steel output in 2020 is 1.878 billion tons, with a year-on-year growth of 0.5%. The average annual compound growth rate of crude steel output from 2015 to 2020 is 3.0%. In terms of process, in 2020, the global converter steel output accounts for 73.2%, EAF steel accounts for 26.3%, and the global average continuous casting ratio reaches 96.9%. In 2020, China's crude steel output reaches 1.053 billion tons, with a year-on-year growth of 5.2%, accounting for 56.7%, 12.2 percentage points higher than that in 2010.

From the perspective of apparent consumption, the global apparent consumption of finished steel products in 2020 is 1.772 billion tons, a slight decrease of 0.2% year on year. Among them, only China, Turkey, Brazil and Taiwan saw year-on-year growth in apparent consumption, with Turkey having the highest growth rate of 13.0%. In 2020, the apparent consumption of finished steel products in China is 995 million tons, with a year-on-year growth of 9.1%, accounting for 56.2% of the world, 11.5 percentage points higher than that in 2010.