News Room - Steel Industry

Posted on 24 Jun 2024

May 2024 crude steel production

World crude steel production for the 71 countries reporting to the World Steel Association (worldsteel) was 165.1 million tonnes (Mt) in May 2024, a 1.5% increase compared to May 2023.

Crude steel production by region

Africa produced 1.8 Mt in May 2024, up 0.9% on May 2023. Asia and Oceania produced 122.1 Mt, up 1.6%. The EU (27) produced 11.7 Mt, up 1.8%. Europe, Other produced 3.9 Mt, up 6.2%. The Middle East produced 5.2 Mt, up 4.6%. North America produced 9.4 Mt, down 0.9%. Russia & other CIS + Ukraine produced 7.7 Mt, up 2.8%. South America produced 3.3 Mt, down 8.2%.

 

Table 1. Crude steel production by region

	May 2024 (Mt)	% change May 24/23	Jan-May 2024 (Mt)	% change Jan-May 24/23
Africa	1.8	0.9	9.2	5.4
Asia and Oceania	122.1	1.6	586.2	-0.6
EU (27)	11.7	1.8	56.1	-0.1
Europe, Other	3.9	6.2	18.6	12.4
Middle East	5.2	4.6	24.0	7.7
North America	9.4	-0.9	45.2	-3.0
Russia & other CIS + Ukraine	7.7	2.8	36.7	0.1
South America	3.3	-8.2	17.3	-1.4
Total 71 countries	165.1	1.5	793.2	-0.1

 

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 92.9 Mt in May 2024, up 2.7% on May 2023. India produced 12.2 Mt, up 3.5%. Japan produced 7.2 Mt, down 6.3%. The United States produced 6.9 Mt, down 1.5%. Russia is estimated to have produced 6.3 Mt, down 0.9%. South Korea produced 5.2 Mt, down 10.9%. Germany produced 3.2 Mt, down 1.9%. Türkiye produced 3.2 Mt, up 11.6%. Iran produced 3.3 Mt, up 2.1%. Brazil produced 2.6 Mt, down 7.4%.

 

Table 2. Top 10 steel-producing countries

	May 2024 (Mt)		% change May 24/23	Jan-May 2024 (Mt)	% change Jan-May 24/23
China	92.9		2.7	438.6	-1.4
India	12.2		3.5	61.9	7.7
Japan	7.2		-6.3	35.7	-2.3
United States	6.9		-1.5	33.4	-2.4
Russia	6.3	e	-0.9	30.9	-2.5
South Korea	5.2		-10.9	26.4	-6.3
Germany	3.2		-1.9	16.2	3.7
Türkiye	3.2		11.6	15.5	19.8
Iran	3.3		2.1	14.0	9.1
Brazil	2.6	e	-7.4	13.6	0.6

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

Source:World Steel Association