|Central & South America||46|
|Middle East & Africa||85|
|Asia & Oceania||1270|
Figures above are finished steel product demand estimates for 2020 in millions of metric tonnes. Source: World Steel Association and MCI calculations.
|Steel shape||Demand, mt|
Figure are indicative finished steel consumption estimates for 2020. Tube data includes welded and seamless tube. For chart, see below. Source: MCI assessments.
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 demand estimates prepared by Metals Consulting International for year 2020.
|Construction incl structural & building work||883|
|Other transport incl shipbuilding & rail||63|
|Oil & gas exploration & transport||114|
|Other industries / miscellaneous||34|
Further analytical information including more detail by product type is available for purchase. Please contact MCI. All 2020 product demand estimates are calculated by MCI.
Demand estimates by sector are indicative of global 2020 finished steel demand. Construction includes structural and building work. Mechanical engineering includes machinery & equipment and components; as well as heating, ventilating and air conditioning (HVAC). Automotive sector includes passenger vehicles and light commercial vehicles. Other transport includes shipbuilding (covering container ships, dry cargo ships, LPG carriers, tankers, passenger ferries) as well as rail, buses and heavy vehicles. Metal products include furniture, fasteners, wire products, containers, drums and boxes. Defence estimates are based on MCI assumptions concerning steel use for submarines, frigates, destroyers, tanks, and other military uses. Tubes include welded and seamless. Figures are MCI estimates of steel end-use by application for year 2020 world steel consumption.
|Steel quality||Demand, mt|
Figures are MCI estimates of finished steel consumption by grade for 2020. 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. World melt shop production of stainless steel in 2020 is estimated at ~53 mt [Source: ISSF].
Consumption figures to 2020 inclusive are consistent with various World Steel Association [worldsteel] assessments. 2021-2021 figures are MCI forecasts. All figures are millions of metric tonnes of finished steel.
This page was last updated on 10th January 2020.
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