2020 world steel demand - estimated steel consumption.

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World Steel Demand 2020

steel consumption

Global Steel Consumption Assessments

Consumption by Region, 2020

Region Demand, mt
EU 169
Other Europe 35
CIS 59
Central & South America 46
Middle East & Africa 85
Asia & Oceania 1270
World 1806

Determinations above are finished steel product demand estimates for 2020 in millions of metric tonnes. Source: worldsteel and MCI calculations.

Use by Product Shape, 2020

Steel shape Demand, mt
Flat products 719
Long products 892
Tube products 195
Global sum 1806

Calculations are indicative finished steel demand assessments for 2020. Tube data includes welded and seamless tube. For chart, see below. Source: MCI deliberations.

steel use by product shape
Global steel consumption by product shape

Demand estimates by shape indicate estimated global steel use 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 analyses prepared by Metals Consulting International for year 2020.

Use by Application, 2020

Millions tonnes Total
Construction incl structural & building work 883
Mechanical engineering 293
Automotive 135
Other transport incl shipbuilding & rail 63
Domestic appliances 61
Metal products 206
Oil & gas exploration & transport 114
Defence 16
Other industries / miscellaneous 34
Total 1806

Further analytical information including more detail by product type is available for purchase. Please contact MCI. All 2020 product demand figures have been compiled by MCI.

Steel Demand by Consuming End-Use Industry, 2020

steel demand analysis by end use markets
Global steel consumption by end-use market

Demand estimates by sector are indicative of global 2020 steel demand. Construction includes structural and building work. Mechanical engineering includes machinery & equipment and components; as well as heating, ventilating and air conditioning (HVAC) markets. 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 market uses. Tubes include welded and seamless. Figures are MCI estimates of steel end-use by application for year 2020 total steel consumption.

Requirement by Quality, 2020

Steel quality Demand, mt
Carbon steel 1706
Engineering steel 52
Stainless steel 46
Tool steel ~2
World 1806

Data above are from MCI analysis of steel use 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. Global melt shop production of stainless steel in 2020 is estimated at ~53 mt [Source: ISSF].

Historic Steel Demand & Demand Forecast

Year Demand, mt
2010 1311
2011 1415
2012 1443
2013 1535
2014 1552
2015 1506
2016 1521
2017 1635
2018 1710
2019 1775
2020 1806
2021 1831
2022 1857

Annual 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. Mt denotes a million metric tons.

This page was last updated on 10th January 2020.

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