2016 World Steel in Figures Publication

Given the expected population increase, emerging new applications for steel and new markets developing, Dr. Edwin Basson, World Steel Director General, is convinced that we will again have growth in the steel industry. World crude steel production reached 1,621 million tonnes for the year 2015, down by 2.9% compared to 2014. In 2015, China accounted for 44.8% of the global market for steel, compared to 45.9% in 2014. One must never forget that the key word in any discussion about steel is “Sustainable”. If one longstanding challenge for the industry has been how to produce steel with lower carbon emissions, the new challenge is improving the value of steel in applications. Steel plays a key role in the new circular business model in which all products must be designed and manufactured to be repaired, re-manufactured, reused and recycled.

The World Steel Association has published the 2016 edition of World Steel in Figures. The publication gives you a glimpse of why steel, thanks to its strength, adaptability, flexibility and durability, is the essential material in the circular economy. The publication also provides a comprehensive overview of steel industry activities, stretching from crude steel production to apparent steel use, from indications of global steel trade flows to iron ore production and trade. An infographic highlights the main elements featured in the publication.

Read entire article here: http://www.worldsteel.org/media-centre/press-releases/2016/World-Steel-in-Figures-2016-is-available-online.html

Download Publication Here.