June 11 ,2024

Crude steel production by region

Africa produced 1.8 Mt in April 2024, up 1.4% on April 2023. Asia and Oceania produced 114.8 Mt, down 5.8%. The EU (27) produced 11.3 Mt, up 1.1%. Europe, Other produced 3.4 Mt, down 2.6%. The Middle East produced 4.6 Mt, down 8.2%. North America produced 8.9 Mt, down 5.2%. Russia & other CIS + Ukraine produced 7.4 Mt, down 3.5%. South America produced 3.4 Mt, down 3.9%.

 

Table 1. Crude steel production by region

Apr 2024 (Mt) % change Apr 24/23 Jan-Apr
2024 (Mt)		 % change Jan-Apr 24/23
Africa 1.8 1.4 7.4 6.6
Asia and Oceania 114.8 -5.8 461.8 -1.6
EU (27) 11.3 1.1 44.4 -0.6
Europe, Other 3.4 -2.6 14.7 13.9
Middle East 4.6 -8.2 18.3 6.2
North America 8.9 -5.2 35.8 -3.7
Russia & other CIS + Ukraine 7.4 -3.5 29.0 -0.6
South America 3.4 -3.9 14.0 1.2
Total 71 countries 155.7 -5.0 625.4 -0.9

 

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 85.9 Mt in April 2024, down 7.2% on April 2023. India produced 12.1 Mt, up 3.6%. Japan produced 7.1 Mt, down 2.5%. The United States produced 6.7 Mt, down 2.8%. Russia is estimated to have produced 6.2 Mt, down 5.7%. South Korea produced 5.1 Mt, down 10.4%. Germany is estimated to have produced 3.4 Mt, up 6.4%. Türkiye produced 2.8 Mt, up 4.5%. Brazil is estimated to have produced 2.7 Mt, down 2.1%. Iran is estimated to have produced 2.7 Mt, down 12.3%.

 

Table 2. Top 10 steel-producing countries

Apr 2024 (Mt)   % change Apr 24/23 Jan-Apr 2024 (Mt) % change Jan-Apr 24/23
China 85.9 -7.2 343.7 -3.0
India 12.1 3.6 49.5 8.5
Japan 7.1 -2.5 28.5 -1.2
United States 6.7 -2.8 26.5 -2.2
Russia 6.2 e -5.7 24.6 -2.5
South Korea 5.1 -10.4 21.2 -5.1
Germany 3.4 e 6.4 13.1 6.1
Türkiye 2.8 4.5 12.3 22.1
Brazil 2.7 e -2.1 11.0 4.0
Iran 2.7 e -12.3 10.3 7.2

e – estimated. Ranking of top 10 producing countries is based on year-to-date aggregate

Source: worldsteel
Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither Karen Audit nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.