In 2023, Asia and Oceania will be the largest consumer of finished steel products, with approximately 1.3 billion metric tons of expected demand. In the same year, African steel demand is expected to reach almost 42 million metric tons.
Projected demand for finished steel products worldwide in 2022, with forecasts for 2023 and 2024, by region
(in million metric tons)
* The figures for EU-27, the United Kingdom and other European markets have been added up.
*The figure contains the values from Russia, Ukraine, and other Commonwealth of Independent States (CIS).
The values refer to finished steel products.
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World Steel Association. (October 17, 2023). Projected demand for finished steel products worldwide in 2022, with forecasts for 2023 and 2024, by region (in million metric tons) [Graph]. In Statista. Retrieved December 19, 2024, from https://www.statista.com/statistics/246397/estimated-demand-for-steel-worldwide-by-region/
World Steel Association. "Projected demand for finished steel products worldwide in 2022, with forecasts for 2023 and 2024, by region (in million metric tons)." Chart. October 17, 2023. Statista. Accessed December 19, 2024. https://www.statista.com/statistics/246397/estimated-demand-for-steel-worldwide-by-region/
World Steel Association. (2023). Projected demand for finished steel products worldwide in 2022, with forecasts for 2023 and 2024, by region (in million metric tons). Statista. Statista Inc.. Accessed: December 19, 2024. https://www.statista.com/statistics/246397/estimated-demand-for-steel-worldwide-by-region/
World Steel Association. "Projected Demand for Finished Steel Products Worldwide in 2022, with Forecasts for 2023 and 2024, by Region (in Million Metric Tons)." Statista, Statista Inc., 17 Oct 2023, https://www.statista.com/statistics/246397/estimated-demand-for-steel-worldwide-by-region/
World Steel Association, Projected demand for finished steel products worldwide in 2022, with forecasts for 2023 and 2024, by region (in million metric tons) Statista, https://www.statista.com/statistics/246397/estimated-demand-for-steel-worldwide-by-region/ (last visited December 19, 2024)
Projected demand for finished steel products worldwide in 2022, with forecasts for 2023 and 2024, by region (in million metric tons) [Graph], World Steel Association, October 17, 2023. [Online]. Available: https://www.statista.com/statistics/246397/estimated-demand-for-steel-worldwide-by-region/
