Steel production drops in 2020

Global crude steel production dropped to 1,864.0 million tonnes (Mt) in 2020, down by 0.9% compared to 2019.

Across Asia, there was actually an increase of 1.5% of crude steel produced to 1,374.9 Mt.

China saw a 5.2% rise in 2020 to 1,053 Mt and their share of the market also jumped by 3.2% to 56.5%.

The Middle East produced 45.4 Mt of crude steel in 2020, an increase of 2.5% on 2019. Iran is estimated to have produced 29.0 Mt in 2020, up 13.4% on 2019.

There was largely a fall in production rates in markets around the world amid the coronavirus pandemic.

India’s crude steel production for 2020 was 99.6 Mt, down by 10.6%, Japan produced 83.2 Mt in 2020, down 16.2%. 

South Korea’s rate was down by 6% to 67.1 Mt while the EU saw a decrease of 11.8% in 2020 to 138.8 Mt.

Crude steel production in North America was 101.1 Mt in 2020, down 15.5% on 2019. South America was 38.2 Mt in 2020, a decrease of 8.4%.

For the full report on the steel output for 2020, visit

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