World production of pig iron in 2012–2016 increased by 3.6%: from 1.12 billion tons in 2012 to 1.16 billion tons in 2016. Production dropped from the previous year in 2014–2015 due to a slowdown in the global economy. . The tendency to reduce the production of pig iron was interrupted in 2016, the results of which showed a growth of 0.5%.
The world production of pig iron is quite strongly consolidated: the share of the four largest producing countries in 2012-2016 accounted for an average of more than 76.5% of world output. The largest producer of iron in the world in 2012-2016, with a large margin was China. In 2016, China produced more than 700 million tons of pig iron or more than 60% of the world production of this alloy. For comparison: the second largest producer in the world is Japan, which in 2016 produced 80.2 million tons of pig iron, which corresponds to 6.9% of world production. At the same time, in terms of pig iron production per capita, China ranks only fifth, smelting 508.1 kg / person per year in 2016 and behind countries like South Korea (911.0 kg / person per year), Austria (644, 3 kg / person per year), Japan (632.5 kg / person per year) and Ukraine (557.6 kg / person per year). It should be noted that iron smelting in China is primarily focused on the domestic market.
According to forecasts of BusinesStat, in 2017–2021, pig iron production in the world will continue to grow at an average rate of 0.4% and will reach 1.19 billion tons in 2021. At the same time, the structure of iron production will not change significantly. China will remain the market leader in the production of pig iron. In 2021, China’s share will be just over 60% of global production.
"Analysis of the global iron market in 2012-2016, forecast for 2017-2021" includes the most important data necessary for understanding the current global market conditions and assessing the prospects for its development:
Economy and population
Foreign and domestic trade in cast iron
Iron import and export
Foreign trade iron prices
The review provides current data for more than 100 countries of the world and a forecast for the 25 leading countries of the global cast iron market.
Leading countries: USA, China, Japan, Germany, France, Great Britain, India and other countries of the world.
In preparing the review used statistical information:
United Nations Statistics Division
National Agencies and Compendia
International Trade Center
International Monetary Fund
Organization for Economic Cooperation and Development
World Trade Organization
Along with the official statistics, the review contains the results of BusinesStat research:
Analysis of open information on the ferrous metals market
Survey of experts of the market of ferrous metals