Countries Where Crude Steel Production Decreasing

12/12/2022

United States crude steel production reached a historical peak of 137 million tons of crude steel production in 1973, respectively, and was reduced to 106 million tons in 1975 by the outbreak of the first oil crisis. After the second oil crisis, U.S. steel substantial de-capacity, crude steel production fell to 67.66 million tons in 1982. At the beginning of the 21st century, the United States to implement trade protection policies to resist the impact of imported steel Crude steel production remained at 90 million tons, to 2009 by the impact of the international financial crisis, production fell sharply to 58.2 million tons, a record low. At present, crude steel production is maintained at about 80 million tons of crude steel was produced in United States.

Japan's crude steel production first reached a peak of 119 million tons in 1973 and was the world's top steel producer from 1992 to 1995. A secondary peak of 120 million tons was reached in 2007 and has since been reduced again and entered a period of steady development, with crude steel production still remaining at about 100 million tons. In 2009, hit by the international financial crisis, Japan's crude steel production dropped to 87.53 million tons. It recovered to 96.3 million tons in 2021.

German crude steel production reached a peak of 53.23 million tons in 1974, then reduced to 35.73 million tons in 1983; In 2007 the data is 48.55 million tons of crude steel production at the highest point after reaching the peak; German crude steel production dropped significantly to 32.67 million tons in 2009 affected by the international financial crisis as the lowest value after reaching the peak. Since 2018, German crude steel production has continued to decline, falling to 35.66 million tons in 2020 and recovering to 40.07 million tons in 2021.

South Korea's crude steel production peaked in 2014 with 71.54 million tons and 70.4 million tons in 2021. 

 

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