Steel Milestones.
Posted by Paul Woodhouse at October 12th, 2004
According to the Iron and Steel Statistics Bureau, 2004 should see the following milestones reached for the steel industry.
World crude steel production set to exceed one billion tonnes for first time ever.
World trade in steel products* set to reach 250 million tonnes in 2004 – an all-time record.
Chinese crude steel production set to reach 265 million tonnes – the highest production ever recorded by a single nation state.
The enlargement of the European Union from 15 to 25 member states in May 2004 has boosted EU production by 15% and EU25 crude steel production in 2004 is set to reach 195 million tonnes in 2004.
*based on the broad definition of steel products used by the International Iron and Steel Institue. Excludes internal EU trade between the 15 member states.
You can read the conclusions drawn by the ISSB in this month’s commentary.
