Global steel production rose 14.4 percent in the first half of 2021

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The World Steel Association announced that global crude steel production during the first half of 2021 increased by 14.4 percent compared to the previous year, amid the economic recovery from the repercussions of Corona and the improvement in demand.

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The monthly report of the union indicated that global steel production recorded 1.3 billion tons during the mentioned period, compared to 873.13 million tons in the same period last year.

China (the largest producer and consumer of steel in the world) led the recovery of crude steel production after its production rose by 11.8 percent to 563.3 million tons.

India ranked second with a production volume of 57.9 million tons, an annual increase of 31.3 percent, and then Japan, with a production of 48.1 million tons, an increase of 13.8 percent.

The United States ranked fourth with a production volume of 42 million tons, an increase of 15.5 percent, followed by Russia, with a production volume of 38.2 million tons, an increase of 8.5 percent.

Turkey recorded the second-best performance among the top ten global steel producers during the first half, with a growth rate of 24 percent to 19.7 million tons, ranking eighth in the world.

Global steel production recorded 1.864 billion tons during 2020, compared to 1.880 billion tons in the previous year, with a marginal decline of 0.9 percent, despite the repercussions of Corona on the global economy.

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The Corona pandemic led to the imposition of a comprehensive ban during the past year, which led to the suspension of commercial activities and industries that depend on crude steel, which affected the decline in global demand.

The World Steel Federation is one of the largest and most dynamic industry associations in the world, and its members account for nearly 85 percent of the world’s steel production.