World crude steel production for the 71 countries reporting to the World Steel Association (worldsteel) was 148.1 million tonnes (Mt) in January 2024, a 1.6% decrease compared to January 2023.
Crude steel production by region
Africa produced 2.0 Mt in January 2024, up 16.3% on January 2023. Asia and Oceania produced 107.6 Mt, down 3.6%. The EU (27) produced 10.2 Mt, down 1.8%. Europe, Other produced 3.9 Mt, up 22.5%. The Middle East produced 4.7 Mt, up 23.1%. North America produced 9.2 Mt, down 2.1%. Russia & other CIS + Ukraine produced 7.2 Mt, up 4.0%. South America produced 3.4 Mt, down 6.3%.
Table 1. Crude steel production by region
Jan 2024 (Mt)
% change Jan 24/23
Jan-Jan
2024 (Mt)
% change Jan-Jan 24/23
Africa
2.0
16.3
2.0
16.3
Asia and Oceania
107.6
-3.6
107.6
-3.6
EU (27)
10.2
-1.8
10.2
-1.8
Europe, Other
3.9
22.5
3.9
22.5
Middle East
4.7
23.1
4.7
23.1
North America
9.2
-2.1
9.2
-2.1
Russia & other CIS + Ukraine
7.2
4.0
7.2
4.0
South America
3.4
-6.3
3.4
-6.3
Total 71 countries
148.1
-1.6
148.1
-1.6
The 71 countries included in this table accounted for approximately 98% of total world crude steel production in 2023.
Regions and countries covered by the table:
Africa: Algeria, Egypt, Libya, Morocco, South Africa, Tunisia
Asia and Oceania: Australia, China, India, Japan, Mongolia, New Zealand, Pakistan, South Korea, Taiwan (China), Thailand, Viet Nam
European Union (27): Austria, Belgium, Bulgaria, Croatia, Czechia, Finland, France, Germany, Greece, Hungary, Italy, Luxembourg, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden
Europe, Other: Macedonia, Norway, Serbia, Türkiye, United Kingdom
Middle East: Bahrain, Iran, Iraq, Jordan, Kuwait, Oman, Qatar, Saudi Arabia, United Arab Emirates, Yemen
North America: Canada, Cuba, El Salvador, Guatemala, Mexico, United States
Russia & other CIS + Ukraine: Belarus, Kazakhstan, Russia, Ukraine
South America: Argentina, Brazil, Chile, Colombia, Ecuador, Paraguay, Peru, Uruguay, Venezuela
Top 10 steel-producing countries
China is estimated to have produced 77.2 Mt in January 2024, down 6.9% on January 2023. India produced 12.5 Mt, up 7.3%. Japan produced 7.3 Mt, up 0.6%. The United States produced 6.8 Mt, down 0.3%. Russia is estimated to have produced 6.2 Mt, up 1.2%. South Korea produced 5.7 Mt, up 1.5%. Türkiye produced 3.2 Mt, up 24.7%. Germany is estimated to have produced 2.9 Mt, down 0.9%. Iran produced 2.6 Mt, up 39.3%. Brazil is estimated to have produced 2.5 Mt, down 7.2%.
Table 2. Top 10 steel-producing countries
Jan 2024 (Mt)
% change Jan 24/23
Jan-Jan 2024 (Mt)
% change Jan-Jan 24/23
China
77.2
e
-6.9
77.2
-6.9
India
12.5
7.3
12.5
7.3
Japan
7.3
0.6
7.3
0.6
United States
6.8
-0.3
6.8
-0.3
Russia
6.2
e
1.2
6.2
1.2
South Korea
5.7
1.5
5.7
1.5
Türkiye
3.2
24.7
3.2
24.7
Germany
2.9
e
-0.9
2.9
-0.9
Iran
2.6
39.3
2.6
39.3
Brazil
2.5
e
-7.2
2.5
-7.2
e – estimated. Ranking of top 10 producing countries is based on year-to-date aggregate
Notes to Editors:
The World Steel Association (worldsteel) is one of the largest and most dynamic industry associations in the world, with members in every major steel-producing country. worldsteel represents steel producers, national and regional steel industry associations, and steel research institutes. Members represent around 85% of global steel production.
worldsteel makes a limited set of data available free of charge via the Steel Data Viewer. A subscription with access to the iron and crude steel production data for all other countries is available for €1,485 via the worldsteel bookshop. This subscription includes access to 20 years of data in the Steel Statistical Yearbook. Please contact [email protected] with any questions.
Information on capacity can be found on the OECD website.
Source link : https://worldsteel.org/media/press-releases/2024/january-2024-crude-steel-production/
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Publish date : 2024-02-23 03:00:00
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