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News

World produces billionth tonne of steel today

World Steel Association : 20 December, 2004  (New Product)
The International Iron and Steel Institute (IISI) estimates that production of the one-billionth tonne of steel will occur today, 20 December 2004.
The International Iron and Steel Institute (IISI) estimates that production of the one-billionth tonne of steel will occur today, 20 December 2004. This is the first time the world will produce a billion tonnes of steel in a single year.

World crude steel production for 2004 stood at 945.2 million metric tonnes (mmt) at the end of November. With average production of around 2.8 mmt per day, IISI expects the one-billionth tonne will be produced today.

World crude steel production in 2003 was 968.3 mmt.

The following table shows world crude steel production for the past 10 years:

Year World (mmt) China (mmt)
1994 725.1 92.6
1995 752.3 95.4
1996 750.0 101.2
1997 798.9 108.9
1998 777.3 114.6
1999 789.0 124.0
2000 847.6 127.2
2001 850.2 151.0
2002 903.8 182.2
2003 968.3 220.1

Source: IISI Steel Statistical Yearbook 2004
IISI expects that production in 2005 will again exceed one billion tonnes.
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