March 2024 crude steel production

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World crude steel production for the 71 countries reporting to the World Steel Association (worldsteel) was 161.2 million tonnes (Mt) in March 2024, a 4.3% decrease compared to March 2023.

Crude steel production by region

Africa produced 1.9 Mt in March 2024, up 1.1% on March 2023. Asia and Oceania produced 118.3 Mt, down 5.8%. The EU (27) produced 11.6 Mt, down 4.3%. Europe, Other produced 3.9 Mt, up 11.0%. The Middle East produced 4.8 Mt, up 4.0%. North America produced 9.5 Mt, down 1.4%. Russia & other CIS + Ukraine produced 7.8 Mt, up 1.5%. South America produced 3.5 Mt, down 0.2%.

Table 1. Crude steel production by region

Mar 2024 (Mt) % change Mar 24/23 Jan-Mar 2024 (Mt) % change Jan-Mar 24/23

Africa 1.9 1.1 5.6 8.3

Asia and Oceania 118.3 -5.8 345.9 -0.4

EU (27) 11.6 -4.3 33.0 -1.4

Europe, Other 3.9 11.0 11.3 20.5

Middle East 4.8 4.0 13.7 12.1

North America 9.5 -1.4 27.2 -1.9

Russia & other CIS + Ukraine 7.8 1.5 21.8 1.6

South America 3.5 -0.2 10.6 3.2

Total 71 countries 161.2 -4.3 469.1 0.5

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 produced 88.3 Mt in March 2024, down 7.8% on March 2023. India produced 12.7 Mt, up 7.8%. Japan produced 7.2 Mt, down 3.9%. The United States produced 6.9 Mt, the same as in March 2023. Russia is estimated to have produced 6.6 Mt, up 0.8%. South Korea produced 5.3 Mt, down 9.5%. Germany produced 3.5 Mt, up 8.4%. Türkiye produced 3.2 Mt, up 18.0%. Brazil produced 2.8 Mt, up 5.6%. Iran produced 2.8 Mt, up 2.0%.

Table 2. Top 10 steel-producing countries

Mar 2024 (Mt) % change Mar 24/23 Jan-Mar 2024 (Mt) % change Jan-Mar 24/23

China 88.3

-7.8 256.6 -1.9

India 12.7

7.8 37.3 9.7

Japan 7.2

-3.9 21.5 -0.8

United States 6.9

0.0 19.9 -1.6

Russia 6.6 e 0.8 18.7 -0.2

South Korea 5.3

-9.5 16.2 -2.5

Germany 3.5

8.4 9.7 6.0

Türkiye 3.2

18.0 9.5 28.4

Brazil 2.8

5.6 8.3 6.2

Iran 2.8

2.0 7.6 16.3

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 subscribers@worldsteel.org with any questions. Information on capacity can be found on the OECD website.

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Source link : https://worldsteel.org/media/press-releases/2024/march-2024-crude-steel-production/ Author : Publish date : 2024-04-23 03:00:00 Copyright for syndicated content belongs to the linked Source .