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FACT BOOK 2023

Basic Facts About Nippon Steel
  • ● Group's Guiding Principles · Employee Action Guidelines
  • ● Overview
  • ● Global Network
  • ● Environmental Considerations
  • ● Strategies of digital transformation
  • ● Business Integration among Group Companies
  • ● Business Plan
  • ● Organization
  • ● World Steel Industry
    • Crude Steel Production in Major Steelmaking Countries
    • Crude Steel Production
    • Apparent Consumption of Finished Steel Products
    • Crude Steel Production-Top 30 Steelmakers
    • World Steel Association (worldsteel)
  • ● Engineering and Construction
  • ● Chemicals and Materials
  • ● System Solutions
  • ● Research and Development
  • ● Social Contributions
  • ● Investor Relations
  • ● Public Relations
  • ● Subsidiaries and Affiliates
  • ● Steelmaking Operations
  • ● Directory of Nippon Steel
  • ● Executive Management and Fellows
  • ● Financial Summary
  • ● Personnel and Labor Relations

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World Steel Industry

Apparent Consumption of Finished Steel Products

(million tons, %)

Region and Country 2020 2021 2022 2023
(Estimate)
Growth rate
2023/2022
(E)
Asia and Oceania 1,316.2 1,299.1 1,267.0 1,303.6 2.9
Japan 52.6 57.4 55.0 57.2 4.0
China 1006.3 952.0 920.9 939.3 2.0
South Korea 49.2 56.0 51.2 52.7 2.9
Taiwan 18.8 21.1 - - -
India 89.3 106.2 114.9 123.3 7.3
EU-27 & United Kingdam 139.5 164.7 151.8 151.3 -0.3
Other Europe 44.9 51.0 39.2 42.1 7.4
Russia & other CIS + Ukraine 57.6 58.6 53.3 51.5 -3.4
USMCA 115.6 137.1 132.9 135.0 1.6
United States 80.0 97.1 94.5 95.8 1.4
Canada 13.7 14.5 - - -
Mexico 21.9 25.6 24.8 25.4 -
Central & South America 38.8 50.4 45.4 46.0 1.3
Argentina 3.6 5.0 - - -
Brazil 21.4 26.3 - - -
Africa 36.7 39.0 40.6 40.5 -0.2
Middle East 47.7 50.0 51.3 52.4 2.1
Total 1,787.9 1,839.0 1,781.5 1,822.3 2.3
cf. Apparent crude steel consumption 1,895.2 1,956.2 - - -

Source: worldsteel

Note: Apparent consumption is total shipments minus exports plus imports.

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