World Steel Output Increased in 2017
World crude steel output increased by 5.3% and reached 1,691.2 million tonnes (Mt) for the year 2017, compared to 2016. Crude steel production increased in all regions in 2017 except in the CIS, which has remained stable, according to the World Steel Association (worldsteel).
Annual production for Asia was 1,162.5 Mt of crude steel in 2017, an increase of 5.4% compared to 2016. China’s crude steel production in 2017 reached 831.7 Mt, up by 5.7% on 2016. China’s share of world crude steel production increased from 49.0% in 2016 to 49.2% in 2017. Japan produced 104.7 Mt in 2017, down by -0.1% compared to 2016. India’s crude steel production for 2017 was 101.4 Mt, up by 6.2% on 2016. South Korea produced 71.1 Mt of crude steel in 2017, an increase of 3.7% compared to 2016.
In 2017, the EU (28) produced 168.7 Mt of crude steel, an increase of 4.1% compared to 2016. Italy produced 24.0 Mt in 2017, up by 2.9% on 2016. Spain produced 14.5 Mt of crude steel in 2017, an increase of 6.2% compared to 2016. The US produced 81.6 Mt of crude steel, up by 4.0% on 2016. Russia produced 71.3 Mt of crude steel in 2017, up by 1.3% on 2016. Ukraine recorded a decrease of -6.4% with a year-end figure of 22.7 Mt. Annual crude steel production for South America was 43.7 Mt in 2017, an increase of 8.7% on 2016. Brazil produced 34.4 Mt in 2017, up by 9.9% compared to 2016.
Half of global steel production goes into buildings and infrastructure, which includes products such as beams and pipelines. The US is the world’s top steel importer. The value of steel shipped into the US was just over $29 billion in 2017. Nearly 17% of steel imported into the US comes from Canada. The United States imported 740,126 tons of steel from China last year, compared to nearly 5.7 million tons from Canada and just over 5 million tons from European Union countries. In terms of quantity, China accounts for just over 2 percent of U.S. steel imports, according to Commerce Department data.
China’s share of U.S. steel imports