Total global seaborne steel trade (including flats, longs and semis) in 2020, as per WSA data, was around 400 mnt. The volume in 2021, which is still awaited, is expected to rise 5-7% to 420-430 mnt, as per SteelMint’s estimates.
In 2021, despite the export rebate withdrawal and production curbs, China was the top exporter with 66.91 mnt, up 25% over 53.67 mnt in 2020. Japan was a distant second with 30.63 mnt up, up 7% against 28.54 mnt in the preceding calendar while Russia stood third with 30.29 mnt (26.85 mnt), up 13% y-o-y.
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