310 million tons! In the first quarter of 2022, global blast furnace pig iron production decreased by 8.8% year-on-year
According to statistics from the World Iron and Steel Association, pig iron production in 38 countries and regions in the first quarter of 2022 was 310 million tons, down 8.8 percent year-on-year. In 2021, the 38 countries and regions accounted for 99 percent of the global production of pig iron from blast furnaces.
Asian blast furnace pig iron production fell 9.3 percent year on year to 253 million tons. Among them, China's output fell 11.0 percent year on year to 201 million tons, India grew 2.5 percent year-on-year to 20.313 million tons, Japan fell 4.8 percent to 16.748 million tons, and South Korea fell 5.3 percent to 11.193 million tons.
Production in the 27-nation European Union fell 3.9 percent year-on-year to 18.926 million tons. Production in Germany fell 5.1 percent year-on-year to 6.147 million tons, France 2.7 percent to 2.295 million tons and Italy 13.0 percent to 875,000 tons. Production in the rest of Europe fell 12.2 per cent year-on-year to 3.996 million tonnes.
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The output of cis countries was 17.377 million tons, down 10.2% year on year. Russia's output rose 0.2% to 13.260 million tons, Ukraine's dropped 37.3 percent to 3.332 million tons, and Kazakhstan's dropped 2.4 percent to 785,000 tons.
North American production is estimated to have fallen 1.8 percent year-on-year to 7.417 million tons. South America fell 5.4 percent to 7.02 million tons. South African production edged up 0.4 percent year-on-year to 638,000 tons. In the Middle East, Iranian production fell 9.2% year on year to 64,000 tons. Oceania's output rose 0.9 percent year-on-year to 1.097 million tons.
For direct reduced iron, the 13 countries counted by the World Iron and Steel Association produced 25.948 million tons, down 1.8 percent year-on-year. The 13 countries produce about 90% of the world's direct reduced iron. India's direct reduced iron output remained the world's largest but dipped slightly 0.1 percent year-on-year to 9.841 million tonnes. Iran's production plunged 11.6 percent year-on-year to 7.12 million tons. Russian production fell 0.3 percent year-on-year to 2.056m tonnes. Egypt's output rose 22.4 percent year-on-year to 1.56 million tons, while Mexico's output rose 5.5 percent to 1.48 million tons. Saudi Arabia's production rose 19.7% year-on-year to 1.80m tonnes. Uae production fell 37.1 per cent year on year to 616,000 tonnes. Libyan production fell 6.8 per cent year on year.
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Market demand for steel processing is expected to grow by us $642.43 billion by 2020, with a CAGR of 2.16% from 2015 to 2020. Growth in the global construction, consumer electronics and automotive industries has played a huge role in providing the necessary momentum for the global steel processing industry after the economic slowdown of 2007-2009. In addition, the reduction of alternatives to steel has made steel an indispensable part of customers lives. The recovery of the global rowe cut to length line economy will also boost demand in the steel processing market.
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The steel processing market is a highly fragmented one due to the huge demand for environmentally friendly products and changing technologies. Large companies rely on regional and local distributors to increase their market share and geographic distribution. The company is pursuing inorganic growth strategies such as acquisitions to respond to the growing demand for steel processing in key emerging markets. These strategies have helped the company build a larger customer and partner base in key rowe cut to length line markets.
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