Page 62 - Steel Tech India eMagazine Volume April 2022

VOL. 16 • NO. 3 • April 2022

Statistics Revelation

Global Iron and Steel Scenario e – estimated. Ranking of top 10 producing countries is based on
year-to-date aggregate
World crude steel production
World crude steel production for the 64 countries was STAINLESS STEEL SCENARIO
162.7 million tonnes (Mt) in April 2022, a 5.1% decrease the International Stainless Steel Forum (ISSF) has
compared to April 2021.
released figures for the full year 2021 showing that
Africa produced 1.2 Mt in April 2022, down 5.4% on stainless steel melt shop production increased by
April 2021. Asia and Oceania produced 121.4 Mt, down 10.6% year–on–year to 56.3 Mt.
4.0%. the eU (27) produced 12.3 Mt, down 5.4%.
europe, Other produced 4.2 Mt. up 0.5%. the Middle the Indian stainless steel industry is facing crisis. India
East produced 3.3 Mt, down 14.5%, North America annually exports $200 million worth of stainless steel
produced 9.4 Mt, down 5.1%. Russia & other cIS + to Russia, but there is now uncertainty about these
Ukraine produced 7.3 Mt, down 18.4%. South America exports and payment channels. container ships stuck
produced 3.6 Mt, down 4.8%.
in the warzone may be a cause of concern for logistics,
Top 10 steel-producing countries he adds.
India produced 10.1 Mt, up 6.2% whereas most of likewise, Indian stainless steelmaking is being
other countries’ production was less compared to impacted by dramatically high nickel prices. Russia,
corresponding period of last year.
being one of the larger nickel producers, may impact its
Table1 : Top 10 steel-producing countries [nickel’s] availability and prices in the world, which have

Apr % Jan-Apr % already reached very elevated levels.
2022 change 2022 change Imported stainless steel is killing Indian MSMes as per
(Mt) Apr (Mt) Jan-Apr Jindal Stainless MD.
22/21 22/21
china 92.8 -5.2 336.2 -10.3 the impact of suspension of cVDs on stainless steel
products from china and Indonesia in the Union Budget
India 10.1 6.2 42.3 6.5 of 2021-22 has been damaging for the domestic industry.
Japan 7.5 -4.4 30.5 -3.3
the first nine months FY22 witnessed an 84% increase
United 6.9 -3.9 27.1 -1.7 in stainless steel flat product import volumes compared
States
to the average monthly imports in the last fiscal. Bulk of
Russia 6.4 e 0.6 25.1 -0.7 the imports came from china and Indonesia, increasing
South Korea 5.5 -4.1 22.4 -4.0 by 230% and 310% on a year-to-date basis in 2021-22
Germany 3.3 -1.1 13.1 -3.0 as compared to monthly average in FY 2020-21. the
turkey 3.4 1.6 12.8 -3.2 revocation of these duties was upheld again in Budget
Brazil 2.9 -4.0 11.6 -1.7 2022, announced on Feb 1, for the apparent reason of
Iran 2.2 e -20.7 9.1 -8.9 containing high prices of metals.

60 Steel tech