World steel consumption - estimated 2012 steel demand.

World Steel Demand 2012

World Steel Consumption Assessments

Demand by Region

RegionSteel Demand, mt
EU (27) 140
Other Europe 35
CIS 56
Central & South America 47
Middle East & Africa 76
Asia & Oceania 928
World 1413
Figures above are finished steel product demand estimates for 2012 in millions of metric tonnes. Source: World Steel Association.

Demand by Product Shape

Steel shapeSteel Demand, mt
Flat products 644
Long products 660
Tube products 109
World 1413
Figure are indicative finished steel consumption estimates for 2012. Tube data includes welded and seamless tube. For chart, see below. Source: MCI assessments.
steel consumption by product shape
World steel consumption by product shape

Demand estimates by shape indicate estimated world steel consumption analysed by flat products [including plate, hot rolled coil and sheet, cold rolled and coated sheet], long products [including rail, heavy sections, bar and wire rod] and tube [welded pipe and seamless tube]. Figures are estimates supplied by Metals Consulting International for year 2012.

Steel Consumption by End-Use Application

Millions tonnes Flat Long Tube Total
Construction incl structural & building work 126 390 22 538
Mechanical engineering 121 148 16 285
Automotive 64 16 0 80
Other transport incl shipbuilding & rail 48 11 0 59
Domestic appliances incl electrical engineering 44 0 0 44
Metal goods & fabrication 204 66 5 275
Oil & gas exploration & transport 1 0 65 66
Other indusries / miscellaneous 36 28 0 64
Total 644 660 109 1413
Further analytical information including more detail by product type is available for purchase. Please contact MCI.

Steel Demand by Consuming End-Use Industry

steel end use markets
World steel demand by end-use market

Demand estimates by sector are indicative of global 2012 finished steel demand. Construction includes structural and building work. Mechanical engineering includes machinery & equipment and components. Other transport includes shipbuilding, rail, heavy vehicles. Metal goods include furniture, fasteners, wire products, containers, boxes. Tubes include welded and seamless. Figures are MCI estimates of steel end-use by application for year 2012 world steel consumption.

Demand by Quality

Steel qualitySteel Demand, mt
Carbon steel 1339
Engineering steel 45
Stainless steel 28
Tool steel ~1
World 1413
Figures are MCI estimates of finished steel consumption by grade for 2012. Engineering steels are often also referred to as SBQ steels (special bar quality steel); these are steels that typically move or rotate whilst in use.

Demand Forecast

YearForecast, mt
2012 1413
2013 1454
2014 1500
2015 1552
Figures to 2012 are consistent with World Steel Association [worldsteel] assessments dated April 2013. 2013 and 2014 figures are also worldsteel estimates. 2015 figure is MCI estimate. All figures are millions of metric tonnes of finished steel.

This page was last updated on 11th April 2013.