The Global Steel Market Pattern Under The Post-Epidemic Era(1)

 According to the World Iron and Steel Association, global crude steel production reached 1.864 billion tons in 2020, down 0.9 percent from 2019.Asia produced 1.3749 billion tons of crude steel, up 1.5% year on year, accounting for 73.8% of the world's total. China's crude steel output reached 1.053 billion tons, up 5.2 percent year on year.China's share of crude steel production increased to 56.5 percent from 53.3 percent in 2019, providing significant support to the global steel market.

In the past decade, Asia has been the main base of global crude steel production, followed by the European Union, North America, the Commonwealth of Independent States, South America, other European countries, the Middle East and so on.Affected by the epidemic in 2020, the output of crude steel in the European Union, North America and South America decreased to 18.278 million tons, 18.583 million tons and 3.456 million tons, respectively.

On a monthly basis, global crude steel production in April 2020 was 133 million tons, becoming the lowest in the past two years. In April 2020, global crude steel production was 133 million tons, a low point in the past two years. Among them, China's production was 85 million tons, up 7.67% month-on-month and 0.18% year-on-year.Overseas production was 51.1 million tons, down 24.74% month-on-month and 13.6% year-on-year. Since then, overseas steel production has been maintained at a low level until the fourth quarter. With the global resumption of production and economic recovery, overseas steel production back to the previous level. In October, the year-on-year growth rate has been maintained at about 5%.

Overall, global crude steel and pig iron production has recovered to the level of previous years, and the year-on-year growth rate remains stable. It can be predicted that although some countries did not continue to significantly alleviate the epidemic, the steel market production end has gradually recovered to stability.

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