In a world driven by data and numbers, the steel industry is an unyielding force that deserves our attention. This document will take you on a journey through the latest statistics of the steel industry worldwide. From production and consumption to emerging trends, we will unravel the current landscape of a sector that remains essential for global progress. Discover how steel continues to shape our world, figure by figure, in this detailed look at its impact on the global economy.

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Steel Production

In 2023, global steel production reached 1.878 million tons, a 2.3% increase compared to 2022. This increase is due to the recovery of the global economy, which has boosted the demand for steel.

China is the leading steel producer in the world, with a production of 1.063 million tons in 2023. It is followed by India, with 122 million tons, and Japan, with 105 million tons.

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Steel Consumption

Steel consumption worldwide also increased in 2023, reaching 1.960 million tons, a 2.6% increase compared to 2022. This increase is attributed to the revival of construction and manufacturing.

China is the largest steel consumer globally, with a consumption of 1.088 million tons in 2023. It is followed by the United States, with 125 million tons, and Japan, with 107 million tons.

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Steel Price

The price of steel worldwide increased in 2023, reaching $4,300 per ton, a 5.0% increase compared to 2022. This increase is due to the global steel shortage caused by the war in Ukraine, the post-pandemic effects of COVID-19, and ongoing conflicts.

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The Steel Industry in Latin America: Figures and Perspectives

Next, let's explore how figures are shaping the present and future of the steel industry in Latin America.

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Steel Production

In 2023, steel production in Latin America reached 62.8 million tons, a 2.8% increase compared to 2022. This increase is also attributed to the regional economic recovery, which has driven steel demand.

Brazil is the leading steel producer in Latin America, with a production of 29.5 million tons in 2023, followed by Mexico with 14.5 million tons and Argentina with 8.8 million tons.

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Steel Consumption

Steel consumption in Latin America also increased in 2023, reaching 72.6 million tons, a 3.0% increase compared to 2022. This increase is due to the resurgence of construction and manufacturing activities.

Brazil is the top steel consumer in Latin America, with a consumption of 32.5 million tons in 2023, followed by Mexico with 17.5 million tons and Argentina with 9.0 million tons.

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Steel Price

The price of steel in Latin America increased in 2023, reaching $4,200 per ton, a 5.0% increase compared to 2022. This price surge is also due to the global steel shortage resulting from the Ukraine conflict, ongoing conflicts in the Middle East, and the post-pandemic effects of COVID-19.

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How is the Steel Industry in Colombia in 2023?

Colombia, as an integral part of the industrial landscape in Latin America, offers a glimpse into its steel industry with updated statistics. Join us on this journey through the numbers that define the evolution of steel in Colombia in the global context.

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Steel Production

In 2023, steel production in Colombia reached 1.5 million tons, a 1.5% increase compared to 2022. This increase is driven by the recovery of the Colombian economy, which has boosted the demand for steel.

Colombia is the fourth largest steel producer in Latin America, following Brazil, Argentina, and Mexico.

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Steel Consumption

Steel consumption in Colombia also increased in 2023, reaching 2.2 million tons, a 2.0% increase compared to 2022. This increase is due to the revival of construction and manufacturing.

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Steel Price

The price of steel in Colombia increased in 2023, reaching $4,000 per ton, a 5.0% increase compared to 2022. This price hike is attributed to the global steel shortage caused by the war in Ukraine, conflicts in the Middle East, and the post-pandemic effects of COVID-19.

The steel industry in Colombia is on the rise. Production, consumption, and steel prices all saw increases in 2023, driven by the recovery of the Colombian economy.

Steel is an essential material for Colombia's development. The steel industry contributes to job creation, foreign investment, and the country's economic growth.