An error occured. Details Hide
You have unsaved pages. Restore Cancel

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.

First River Steel Data Room Learn More

First River Steel Data Room

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.

Related Data Insights

Crude Oil Price Forecast: 2018, 2019 and Long Term to 2030

Brent crude oil prices will average $63.4 per barrel in 2018 and decrease to $62.7 per barrel in 2019, according to the most recent forecast from the US Energy Information Administration's monthly Short-Term Energy Outlook (EIA). This reflects an upward revision of $2.5/barrel to the EIA forecast for 2018 compared to last month's Outlook.The OECD Economic Outlook as of May 2018 was less bullish, pegging the real price of a barrel of Brent oil— i.e. price adjusted for inflation—at $69.4/barrel in 2018.Looking out to 2020, the IMF in its Primary Commodity Prices Projections released in July asserted that after modest growth in 2018, the...

Aluminium Prices Forecast: Long Term 2018 to 2030 | Data and Charts

Aluminum price decline by 5.1 percent in March 2018 compared to the previous month and grew by 8.8 percent from a year ago. The price of aluminum rose to record levels since June 2015, well over $2,069 per metric ton. Such fall was driven by the significant growth of production in March 2018 when total production of aluminum increase to 5,482,000 metric tons from 4,960,000 metric tons in February 20178 This situation is related to some extent to politics in China and higher prices of coal and other energy products. At this time, aluminum production in China reduced to 2,070,000 metric tons. It is the lowest value since 2013. However, by...

Copper Prices Forecast: Long Term 2017 to 2030 | Data and Charts

Copper price grew by 15.2 percent in November. It was the biggest growth since 2010. The copper market was stagnant for few years. The prices at the moment are too low and producers are reluctant to increase production or develop new sources. They are waiting for prices to rise. Probably, November became the first point of the new growth period. Experts predict price growth after demand in China has grown because of road building. In fact, demand will grow more and more, and some of the economists expect copper deficit and high prices as a result. Leading international agencies made the following copper price predictions:The World Bank in...

Zinc Prices Forecast: Long Term 2018 to 2030 | Data and Charts

Zinc prices grew by 11 percent in November 2017 and continued medium-term growth. Since January 2016, when the price of zinc reached a 7-year low, zinc prices have rebounded by 68 percent ending at $2,566.2 per metric ton. This level is the highest since November 2007. This rapid growth was primarily led by an agreement of producers to decrease the supply because of low prices. The closure of such deposits as Century in Australia and Lisheen in Ireland, and the reduction of the output at Rampura Agucha in India, Antamin and Iscaycruz in Peru, and at Glencore in China had a great effect. Experts estimated that deficit will be bigger than it...