News Room - Steel Industry

Posted on 26 Feb 2024

January 2024 crude steel production

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

Source:World Steel Association