Steel imports throughout the world have increased by 27 percent in Jan, 2014 while the overall steel production was about 130 MnT during the period. So, the country who imported most of the steel is…
South Korea leads the top 5 steel importing countries of the world in Jan, 2014. It had produced about 6 MnT steel in the month of Jan, 2014 ranking 5th among the top producers in the world. The country’s total steel imports during Jan, 2014 were at 0.42 MnT up by 43 percent as compared to Dec, 2013. Its main imports were from China, the largest steel producing country of the world.
Turkey stood 2nd among the list of import top 5 steel importers in the world with a total import of about 0.20 MnT. Its monthly imports were up by 341 percent as compared to Dec, 2013. Its steel production in the month of Jan, 2014 was around 2.8 MnT holding 8th position in the top 10 steel producing countries globally.
China was the 3rd largest importers of the world in Jan, 2014. It imported about 0.19 MnT steel during the period under review. World’s leading steel producers, China had produced about 61.6 MnT steel in Jan, 2014. However its imports were up by 33 percent compared to Dec, 2013.
Japan is the 4th in the list with total imports of 0.15 MnT during Jan, 2014. The country’s imports as compared to Dec, 2013 were up by 6 percent. It had produced around 9.4 MnT steel in Jan, 2014 ranking 2nd in the world’s top 10 steel producing countries.
Taiwan was the 5th largest steel importers in the world. It imported about 0.10 MnT steel exceeding 127 percent over its imports of Dec, 2013. It had produced 1.8 MnT crude steel in the month of Jan, 2014.
World’s steel consumption increase in first month of 2014 is a hint of overall steel demand growth in the year 2014. It is expected by the steel industrialist that even steel production volume in 2014 might witness better growth and improvement compared to previous year.