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. (more…)