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Volume of crude steel production in China increased to 709 million metric tonnes in 2012, which was almost half of all crude steel produced in the world. The other largest producers (Japan, United States, India, Russia and South Korea) taken together, in 2012 produced 407 million metric tonnes of crude steel, which is equal to 27% of world production. During 2000-2012 production of crude still in China grew more than 6 times. Annual growth during last eleven years was about 18%. 

Per capita steel use in China reached 445 kg of crude steel equivalent per capita in 2010, which is equal to the level of developed countries. It means that in mid-term run crude steel production in China will likely decelerate.

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First River has provided strategy consulting services to the steel industry and those with an interest in it since 1998. Thanks to a new technology partnership with Knoema, you can now share First River’s charts, subject focused dashboards and insights to improve your understanding of the steel industry around the world.

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