January 2024 crude steel production

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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 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/january-2024-crude-steel-production/ Author : Publish date : 2024-02-23 03:00:00 Copyright for syndicated content belongs to the linked Source .