World steel consumption - estimated 2014 steel demand.

World Steel Demand 2014

World Steel Consumption Assessments

Demand by Region

RegionSteel Demand, mt
EU (28) 144
Other Europe 37
CIS 56
Central & South America 47
Middle East & Africa 85
Asia & Oceania 1034
World 1538
Figures above are finished steel product demand estimates for 2014 in millions of metric tonnes. Source: World Steel Association / MCI calculations.

Demand by Product Shape

Steel shapeSteel Demand, mt
Flat products 643
Long products 772
Tube products 123
World 1538
Figure are indicative finished steel consumption estimates for 2014. 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 2014.

Steel Consumption by End-Use Application

Millions tonnes Flat Long Tube Total
Construction incl structural & building work 124 449 24 597
Mechanical engineering 118 173 18 310
Automotive 85 27 0 112
Other transport incl shipbuilding & rail 47 12 0 59
Domestic appliances incl electrical engineering 43 0 0 43
Metal goods & fabrication 185 77 6 269
Oil & gas exploration & transport 1 0 75 76
Other indusries / miscellaneous 39 33 0 73
Total 643 772 123 1538
Further analytical information including more detail by product type is available for purchase. Please contact MCI. Note that all product demand estimates are provisional, and subject to confirmation after publication by worldsteel of the 'Steel Statistical Yearbook 2014'.

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 2014 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 2014 world steel consumption.

Demand by Quality

Steel qualitySteel Demand, mt
Carbon steel 1452
Engineering steel 49
Stainless steel 35
Tool steel ~2
World 1538
Figures are MCI estimates of finished steel consumption by grade for 2014. 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.

Historic Steel Demand & Demand Forecast

YearDemand, mt
Figures to 2014 are consistent with various World Steel Association [worldsteel] assessments. 2014 figure is MCI calculation based on estimated world crude steel production of 1662mt and 92.5% yield assumption. [Site visitors should note that at the time of writing (Jan 2015), this 1662 mt crude steel production total was considered by the World Steel Association to be a provisional estimate, subject to alteration on finalisation of China's 2014 production data.] 2015 and 2016 estimates in table above are forecasts prepared by MCI. All figures are millions of metric tonnes of finished steel.

This page was last updated on 28th January 2015.