Overview of the world steel market

When it comes to China steel production, is to keep the rest of the country and superior position.

Image source: World Steel News

The president has announced that trump 25% tax on steel imports, leading to the impact on the market. This could lead to a trade war brought an important iron and steel manufacturers and many economic means. The following are some of the global steel industry figures:

17 tons

When it comes to China steel production, is the national superior position and keep the rest of the organization. According to the state of world steel, of which 17 tons accounting for 49% of global steel production in 2017.

Chinese and the European Union, Japan, India and the United States five iron and steel production in the world's leading steel manufacturers. In the past, China accused of dumping steel market, the price decline, forcing the opponent to stop business kill tens of thousands of jobs. When the United States and the European Union tried to balance the pressure of the pressure, the playground continuous and different national tax.

The steel output image in these countries: CNN money.

50%

The amount of steel in what is the purpose? Half of the global steel output was used to the reconstruction of buildings and infrastructure, including products, such as beams and pipes.

About 16% of machinery and equipment used in steel. A large number of iron and steel industry has also been used in automobile transportation and railway transportation. When it comes to steel consumption level of the country, China once again leading the list. According to worldsteel, the holding position, followed by the European Union, the United States, India, Japan and South Korea.

Spectral analysis of the output of steel used in various industries. Photo: CNN money

In 2017 for $2 billion 900 million

The United States is the world's largest steel imports. Imports of steel value reached $2 billion 900 million in the United States. In the global Platts S & P steel, nearly 17% imported from Canada to the United States. South Korea, Mexico, Brazil, and China are mainly exported to the United States. The new tax would make these countries in the strong reaction.

This is the Oxford economic manager, said the 88% volume of steel exports to the United States, Canada in 2016. Similarly, steel production has set the destination is the Mexico market in the United States.

The value of steel exports in the United States for many years (million). Photo: CNN money

Some of the effects of China, because of the new government these moves trump. This country has been applied measures the United States, control the import of steel.

The quality of imports of steel as well as the museum. In 2014, imports of water are worth nearly $3 billion 800 million, numbers had dropped to just over $2 billion 200 million in 2016.

Exports to the United States steel prices (US $billion) of water. Photo: CNN money

2%

According to the economic capital, steel, and aluminum, accounting for about 2% of world trade. This figure seems small. But different countries can react with the commercial activities of the trump government.

Cunningham expert Andrew, the economic capital of the global economy, "said the president's statement of 1.3 Donald Sichuan Putian will create a lot of direct impact on the global economy. But the use of these measures is to protect the national security risks will increase retaliation".