worldsteel Declared Publication of World Steel in Figures 2024

The average BF-BOF carbon dioxide intensity stood at 2.33.

SEATTLE (Scrap Monster): The World Steel Association (worldsteel) announced publication of ‘World Steel in Figures-2024’- the comprehensive report on the dynamics of today’s steel industry.

According to the report, global crude steel production has remained more or less stable since 2020. The production, which had totalled 1, 885 million tonnes (Mt) in 2020, edged higher to 1,963 Mt in 2021. The production totalled 1, 890 Mt and 1.892 Mt in 2022 and 2023 respectively. The 2023 production is more than ten times the production of 189 Mt recorded in 1950.

ALSO READ:

worldsteel Published Steel Industry Safety and Health Data Report 2024

World Steel Demand to Witness Rebound in 2024, Grow Further in 2025

The share of BOF steel in global production was 71.1%, whereas the remaining 28.6% share of global steel production was held by EAF steel. The average BF-BOF carbon dioxide intensity stood at 2.33.

Approximately 219 kilograms of steel was used in new products per person during the previous year. This is modestly lower when matched with the per capita steel consumption of 223.7 kilograms in 2022. The Asian region per capita steel usage, at 291.9 kilogram, was the highest during the year.

The leading importers of steel in 2023 were the EU-27, the U.S. and Germany. The top three exporting countries were China, Japan and South Korea.

• NPA Drafting Bill as Metal Thefts Surge Alongside Price of Copper
• E-Waste is an Untapped Goldmine Waiting to Be Harnessed
• Lundin Gold Surpassed 2024 Output Guidance
• Call2Recycle Launches New Recycling Program for Battery-Powered Vaping Devices in Quebec