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 [email protected] with any questions.
Information on capacity can be found on the OECD website.
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.
