The share of steel exports in the global crude steel production pie is seen shrinking, reveals data maintained with BigMint. The data, tracked since 2010 till 2024, shows, the share of exports has been moving in a narrow range in this period, hovering between 16-22%. Export had a 21% share in 2010, when crude steel production was at 1,435 million tonnes (mnt). It peaked to 22% over 2015-16, thereafter, fell back within a limited 16-19%, despite the fact that crude steel production has grown to hover at 1,880-1,890 mnt since 2019. It had peaked to 1,963 mnt in 2021 with 18% export share.In 2024, global crude steel output is likely to remain more or less range-bound at 1,890 mnt but the share of exports is estimated at 19%.
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