World crude steel production reached 158.7 million tonnes in December 2021, down 3.0 percent from a year earlier, the World Steel Association reported on 27 January 2022. For the full year, world output totalled 1,950.5 million tonnes, up 3.7 percent from 2020, the second-highest annual total on record. China produced 1,032.8 million tonnes in 2021, down 3.0 percent, its first annual fall in six years, after a first half of record output and a second half of steep cuts. In the second half, China made 470.86 million tonnes, down 16 percent year on year. December output in China was 86.19 million tonnes, up sharply from November's 69.31 million but still 6.8 percent below December 2020. India, the United States, Japan and the European Union all grew strongly in 2021 as their economies recovered from the pandemic. The year closed with the industry in an unusual position: record prices and profits outside China, and a Chinese market deliberately shrinking its own output to meet climate goals.
Source: Hellenic Shipping News (World Steel Association) — https://www.hellenicshippingnews.com/world-steel-association-2021-global-crude-steel-production-up-by-3-7/
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