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In 2010, worldwide crude steel
output totaled 1.4 billion metric tons, a 15 percent increase over 2009 and a
new record for annual global steel production, according to the World
Steel Association.
We're
talkin STEEL!
In the United States, crude steel
output rose to 80.6 million metric tons in 2010. This is an increase of 38.5% over 2009. Imports of finished steel increased almost 34% to 18.9
million net tons in 2010 over CY2009. Finished steel import market share
continues to maintain levels above 20 percent. (AISI)
According to WorldSteel, steel
output from China, the world's largest steel producer, reached 626.7 million
metric tons in 2010. This represents a 9.3% increase over 2009. This level
represents a decline of about 2.4% in China's global production share.
We expect that steel
prices will remain strong in light of the continued U.S. and global
financial recovery. Most news items that could develop- such as the
latest major flooding in Australia's Coal Mining areas- will be bellwethers for
higher prices.
Photo
credit
Editor's Note: CR4 would like to thank Milo for sharing this blog entry, which originally appeared here.
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Re: 2010 - Banner Year For Global Steel Production
