The country mainly bought steel from China, with 5 million tonnes valued at 4.38 billion USD, accounting for 40.3 percent and 38 percent of the total volume and turnover, respectively.
A comparison of shipments for full year 2021 to full year 2020 shows the following changes: corrosion-resistant sheet and strip, up 18 percent, cold rolled sheet, up 15 percent, and hot rolled sheet, up 12 percent.
World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 155.0 million tonnes (Mt) in January 2022, a 6.1% decrease compared to January 2021.