Parts of this article (those related to 2018 tariffs) need to be updated.(December 2019) |
The global steel industry has been going through major changes since 1970. China has emerged as a major producer and consumer, as has India to a lesser extent. Consolidation has been rapid in Europe. According to the 2019 International Energy Agency (IEA) report, the iron and steel industry directly contributed 2.6 Gt to global CO2 emissions and accounted for 7% of global energy demand. [1] Singapore is the world's main trading hub for iron, [2] with about 90% of the world's iron ore derivatives traded on their stock exchange. [3]
Global steel production grew enormously in the 20th century from a mere 28 million tonnes at the beginning of the century to 781 million tons at the end. [4] Per-capita steel consumption in the US peaked in 1977, then fell by half before staging a modest recovery to levels well below the peak. [5]
Production of crude steel has risen at an astounding rate, reaching 1.691 billion tonnes by 2017
During the 20th century, the consumption of steel increased at an average annual rate of 3.3%. In 1900, the United States was producing 37% of the world's steel, but with post war industrial development in Asia and centralised investment by China, by 2017 China alone accounted for 50%, with Europe (including the former Soviet Union) down to 24% and North America down to 6%.
For details of country-wise steel production see steel production by country.
Amongst the other newly steel-producing countries, in 2017 South Korea produces 71 million tonnes, nearly double Germany; and Brazil 34 million tonnes; all three countries have not changed much since 2011. Indian steel production in 2017 is just over 100 million tonnes; up substantially from 70 million tonnes in 2011 – compared to only 1 million tonnes at the time of its independence in 1947. By 1991, when the economy was opened up steel production grew to around 14 million tonnes. Thereafter, it doubled in the next 10 years, and then it is doubling again, maybe over a slightly longer span.
The world steel industry flattened from 2007 to 2009 at 1,300 million tonnes, before rising again, due to worldwide recession starting in 2008, with its heavy cutbacks in construction, sharply lowered demand and prices falling 40%. Showing the impact of that plateau, in 2007 ThyssenKrupp spent $12 billion to build the two most modern mills in the world, situated in Alabama and Brazil. They lost $11 billion on the new plants, which sold steel below the cost of production.[ clarification needed ] Finally in 2013, the plants were sold at under $4 billion.
Nowadays, the steel industry is on the edge of a major technological evolution to deal with the huge amounts of CO2 produced in the conventional steelmaking process. The use of blast furnaces and basic oxygen furnace produces around 1.8 ton of CO2 per ton of steel produced. [6] In order to reach the climate objectives as stated in the Paris Climate Agreement, the European Green Deal, etc., the steel industry will have to implement carbon capture and sequestration or carbon capture and utilization technology or change to less conventional steelmaking technologies such as the electric arc furnace route. Other alternatives are the use of biomass, plastic waste or hydrogen as reducing agent in the blast furnace instead of coal.
A modern steel plant employs very few people per tonne, compared to the past. In South Korea, Posco employs 29,648 people to produce 28 million tonnes.
During the period 1974 to 1999, the steel industry had drastically reduced employment all around the world. In the US, it was down from 521,000 to 153,000. In Japan, from 459,000 to 208,000; Germany from 232,000 to 78,000; UK from 197,000 to 31,000; Brazil from 118,000 to 59,000; South Africa from 100,000 to 54,000. South Korea already had a low figure. It was only 58,000 in 1999. The steel industry had reduced its employment around the world by more than 1,500,000 in 25 years. [ citation needed ]
Steel is an alloy of iron and carbon with improved strength and fracture resistance compared to other forms of iron. Because of its high tensile strength and low cost, steel is one of the most commonly manufactured materials in the world. Steel is used in buildings, as concrete reinforcing rods, in bridges, infrastructure, tools, ships, trains, cars, bicycles, machines, electrical appliances, furniture, and weapons.
Iron ores are rocks and minerals from which metallic iron can be economically extracted. The ores are usually rich in iron oxides and vary in color from dark grey, bright yellow, or deep purple to rusty red. The iron is usually found in the form of magnetite (Fe
3O
4, 72.4% Fe), hematite (Fe
2O
3, 69.9% Fe), goethite (FeO(OH), 62.9% Fe), limonite (FeO(OH)·n(H2O), 55% Fe), or siderite (FeCO3, 48.2% Fe).
Steelmaking is the process of producing steel from iron ore and/or scrap. In steelmaking, impurities such as nitrogen, silicon, phosphorus, sulfur, and excess carbon are removed from the sourced iron, and alloying elements such as manganese, nickel, chromium, carbon, and vanadium are added to produce different grades of steel.
The general term slag may be a by-product or co-product of smelting (pyrometallurgical) ores and recycled metals depending on the type of material being produced. Slag is mainly a mixture of metal oxides and silicon dioxide. Broadly, it can be classified as ferrous, ferroalloy or non-ferrous/base metals. Within these general categories, slags can be further categorized by their precursor and processing conditions. Slag generated from the EAF process can contain toxic metals, which can be hazardous to human and environmental health.
A blast furnace is a type of metallurgical furnace used for smelting to produce industrial metals, generally pig iron, but also others such as lead or copper. Blast refers to the combustion air being supplied above atmospheric pressure.
New Zealand Steel Limited is the owner of the Glenbrook Steel Mill, a steel mill located 40 kilometres south of Auckland, in Glenbrook, New Zealand. The mill was constructed in 1968 and began producing steel products in 1969. Currently, the mill produces 650,000 tonnes of steel a year, which is either used domestically or exported. Over 90% of New Zealand's steel requirements are produced at Glenbrook, while the remaining volume is produced by Pacific Steel, a steel recycling facility in Ōtāhuhu, Auckland. The mill is served by the Mission Bush Branch railway line, which was formerly a branch line to Waiuku. Coal and lime trains arrive daily. Steel products are also transported daily. The mill employs 1,150 full-time staff and 200 semi-permanent contractors.
An electric arc furnace (EAF) is a furnace that heats material by means of an electric arc.
Ferroalloy refers to various alloys of iron with a high proportion of one or more other elements such as manganese (Mn), aluminium (Al), or silicon (Si). They are used in the production of steels and alloys. The alloys impart distinctive qualities to steel and cast iron or serve important functions during production and are, therefore, closely associated with the iron and steel industry, the leading consumer of ferroalloys. The leading producers of ferroalloys in 2014 were China, South Africa, India, Russia and Kazakhstan, which accounted for 84% of the world production. World production of ferroalloys was estimated as 52.8 million tonnes in 2015.
ArcelorMittal Kryvyi Rih is Ukraine's largest integrated steel company, founded in 1934 and located in Kryvyi Rih, in central Ukraine.
The Aciéries Réunies de Burbach-Eich-Dudelange, better known by its acronym ARBED, was a major Luxembourg-based steel- and iron-producing company. Created in 1911 after the merger of three steel-producing companies, ARBED had a significant role in the economy of the Grand Duchy until it merged in 2002 with two other European steel companies to create Arcelor.
Mining in Iran is still under development, yet the country is one of the most important mineral producers in the world, ranked among 15 major mineral-rich countries, holding some 68 types of minerals, 37 billion tonnes of proven reserves and more than 57 billion tonnes of potential reserves worth $770 billion in 2014. Mineral production contributes only 0.6 percent to the country's GDP. Add other mining-related industries and this figure increases to just four percent (2005). Many factors have contributed to this, namely lack of suitable infrastructure, legal barriers, exploration difficulties, and government control.
Before 1800 A.D., the iron and steel industry was located where raw material, power supply and running water were easily available. After 1950, the iron and steel industry began to be located on large areas of flat land near sea ports. The history of the modern steel industry began in the late 1850s. Since then, steel has become a staple of the world's industrial economy. This article is intended only to address the business, economic and social dimensions of the industry, since the bulk production of steel began as a result of Henry Bessemer's development of the Bessemer converter, in 1857. Previously, steel was very expensive to produce, and was only used in small, expensive items, such as knives, swords and armor.
Metal production, in particular iron and steel industry, is the dominant heavy industry in Ukraine. Ukraine is the world's eighth largest producer and third largest exporter of iron and steel (2007). Ukrainian iron and steel industry accounts for around 2% of worldwide crude steel output, 5% to 6% of the national gross domestic product and 34% of Ukrainian export revenue. In 2007 it employed 420,000 people – 10% of industrial labor and 2% of the total workforce. It has the highest, by a wide margin, revealed comparative advantage of all branches of the Ukrainian economy. The industry peaked at 42.8 million tonnes in 2007 but has been gravely affected by the financial crisis of 2007–2010 and declined to 29.8 million tonnes in 2009.
The steel industry in China has been driven by rapid modernisation of its economy, construction, infrastructure and manufacturing industries.
The HIsarna ironmaking process is a direct reduced iron process for iron making in which iron ore is processed almost directly into liquid iron (pig iron). The process combines two process units, the Cyclone Converter Furnace (CCF) for ore melting and pre-reduction and a Smelting Reduction Vessel (SRV) where the final reduction stage to liquid iron takes place. The process does not require the manufacturing of iron ore agglomerates such as pellets and sinter, nor the production of coke, which are necessary for the blast furnace process. Without these steps, the HIsarna process is more energy-efficient and has a lower carbon footprint than traditional ironmaking processes. In 2018 Tata Steel announced it has demonstrated that more than 50% CO2 emission reduction is possible with HIsarna technology, without the need for carbon capture technology.
The Channar mine is an iron ore mine located in the Pilbara region of Western Australia, 17 kilometres south-east of Paraburdoo.
Metinvest is an international group of steel and mining companies that owns operations in Ukraine, Italy, Bulgaria, the UK and the US, mines ore and coal, produces coke, smelts steel and produces rolled products, pipes and other steel products. The group's assets are managed by Metinvest Holding LLC.
In 2022, the United States was the world's third-largest producer of raw steel, and the sixth-largest producer of pig iron. The industry produced 29 million metric tons of pig iron and 88 million tons of steel. Most iron and steel in the United States is now made from iron and steel scrap, rather than iron ore. The United States is also a major importer of iron and steel, as well as iron and steel products.
The US iron and steel industry has paralleled the industry in other countries in technological developments. In the 1800s, the US switched from charcoal to coal in ore smelting, adopted the Bessemer process, and saw the rise of very large integrated steel mills. In the 20th century, the US industry successively adopted the open hearth furnace, then the basic oxygen steelmaking process. Since the American industry peaked in the 1940s and 1950s, the US industry has shifted to small mini-mills and specialty mills, using iron and steel scrap as feedstock, rather than iron ore.
The Iron and Steel industry in India is among the most important industries within the country. India surpassed Japan as the second largest steel producer in January 2019. As per worldsteel, India's crude steel production in 2018 was at 106.5 million tonnes (MT), 4.9% increase from 101.5 MT in 2017, which means that India overtook Japan as the world's second largest steel production country. Japan produced 104.3 MT in year 2018, decrease of 0.3% compared to year 2017.
Both appendices are from IISI material, earlier on the web but now replaced by more recent data.