The World Steel Production in 2014 is estimated to be 1.9Bn Metric Tonnes, with China accounting for 785 Million Metric Tonnes, followed by Japan 129 Million Metric Tonnes & The US 95 Million Metric Tonnes.
The World Average Steel use Per Capita in 2014 was estimate to be 245kgs. The Global Steel Consumption is expected to grow at a CAGR of 3.5% by 2020.
India’s Steel production for 2014 is estimated to be 89 Million Metric Tonnes, which makes it the 5th largest producer of Steel in the world. The per Capita Consumption of Steel in India in 2014is estimated to be 76kgs. The Indian steel consumption is expected to grow by 8.7% in 2016. The Growth across Metals Ferrous & non Ferrous is very promising and rapidly growing.