9,807.10 TRY BIST 100 BIST 100
35.98 USD USD USD
4.99 CNY CNY CNY
37.15 EUR EUR EUR
0.13 CNY CNY/EUR CNY/EUR
38.54 TRY Interest Interest
75.92 USD Fossil Oil Fossil Oil
32.28 USD Silver Silver
4.33 USD Copper Copper
104.14 USD Iron Ore Iron Ore
339.00 USD Shipbreaking Scrap Shipbreaking Scrap
3,301.46 TRY Gold (gr) Gold (gr)

Steel consumption in 2022 (by sectors) was announced as 1 million 762 thousand tons!

According to Worldsteel data, global steel consumption in 2022 will be used in many areas such as buildings and infrastructure, mechanical equipment, automotive, metal products, transportation, shipping, electrical equipment and household appliances.

Steel consumption in 2022 (by sectors) was announced as 1 million 762 thousand tons!

Total steel use in 2022 announced as 1 million 762 thousand tons

The applicability of steel to everyday life is exactly what development is all about. Steel use in buildings and infrastructure accounted for more than half of steel demand, reaching 916,000 tons.

Worldsteel predicts that the world's population growth will increase the demand for steel's uses. According to a United Nations report, the world's population is expected to increase by 2 billion in the next 30 years, from 7.7 billion currently to 9.7 billion in 2050.

The use of steel in the construction sector may increase in the coming years, as the population grows. Consumption in mechanical equipment, which is the most important property of steel, is 282 thousand tons.

According to Worldsteel, an average of 900 kg of steel is used per vehicle.

Steel consumption in the automotive sector is the most important factor that raises the level of development in daily life for reasons such as ease of use of new generation vehicles and minimizing the risk of accidents.

Steel consumption in the automotive sector is 211 thousand tons.

Steel is a magnetic metal containing iron

Especially in recycling plants, steel scrap can be easily separated from other wastes by using magnetic equipment. Therefore, the use of steel in metal products is of great importance in terms of its magnetic properties.

Steel consumption in metal products accounts for 10% of global steel use with 176 thousand tons.

2022 steel consumption in transportation reaches 88 thousand tons

The use of steel provides many opportunities for quality transportation in daily life. The use of steel in ships and shipping containers, trains and wagons, aircraft and infrastructure is also of great importance in logistics.

Electrical equipment use is 53 thousand tons

The story of the reduction of steel scrap to the present day; Scrap steels are transferred to electric arc furnaces and the steels are purified. This story is very important in terms of steel production.

Steel consumption in household appliances reached 35 thousand tons.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Malaysia extends anti-dumping duties on products from China

Wednesday, February 5, 2025

Thailand will review AD duties on cold-rolled steel products

Wednesday, February 5, 2025

Mutares announces acquisition of Buderus Edelstahl from Voestalpine

Wednesday, February 5, 2025

Asian stock markets declined after the statements of China and the USA

Wednesday, February 5, 2025

In Türkiye, production with BOF climbed by 15.7% while production with EAF increased by 7% by 2024

Tuesday, February 4, 2025
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now