How Important Is China For The Global Steel Industry?

+18.86%
Upside
26.45
Market
31.44
Trefis
MT: Arcelor Mittal logo
MT
Arcelor Mittal

China is the single largest producer and consumer of steel globally, accounting for around 50% of global steel production and around 45% of global steel demand. Thus, Chinese steel production and demand are the most important factors impacting the global balance of steel supply and demand and consequently, prices of the commodity.

China Steel Supply Demand

Note: Data taken from World Steel Association reports

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Notes:

1) The purpose of these analyses is to help readers focus on a few important things. We hope such lean communication sparks thinking, and encourages readers to comment and ask questions on the comment section, or email content@trefis.com
2) Figures mentioned are approximate values to help our readers remember the key concepts more intuitively. For precise figures, please refer to our complete analysis for ArcelorMittal

 

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