The total global steel trade in 2021 touched 416 million tonnes (mnt), up 11% from 374 mnt seen in the previous calendar year, data collated by SteelMint reveals. However, this volume is still lower than the pre-Covid 2019 level of 435 mnt (worldsteel).
Long products trade volume increased 18% to 94 mnt last calendar from 80 mnt in 2020. Within longs, wire rods have seen a considerable jump of 22% to 23 mnt (19 mnt in 2020). The share of longs in the total steel trade last year was 23%.
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