News Room - Steel Industry

Posted on 23 Aug 2024

July 2024 crude steel production

World crude steel production for the 71 countries reporting to the World Steel Association (worldsteel) was 152.8 million tonnes (Mt) in July 2024, a 4.7% decrease compared to July 2023.

Crude steel production by region

Africa produced 2.0 Mt in July 2024, up 4.0% on July 2023. Asia and Oceania produced 112.7 Mt, down 6.4%. The EU (27) produced 10.8 Mt, up 5.7%. Europe, Other produced 3.7 Mt, up 0.6%. The Middle East produced 3.7 Mt, down 10.1%. North America produced 8.8 Mt, down 2.4%. Russia & other CIS + Ukraine produced 7.5 Mt, down 0.8%. South America produced 3.7 Mt, up 6.0%.

 

Table 1. Crude steel production by region

	Jul 2024 (Mt)	% change Jul 24/23	Jan-Jul 2024 (Mt)	% change Jan-Jul 24/23
Africa	2.0	4.0	12.8	3.3
Asia and Oceania	112.7	-6.4	820.0	-1.2
EU (27)	10.8	5.7	78.0	1.5
Europe, Other	3.7	0.6	26.0	8.9
Middle East	3.7	-10.1	32.2	3.7
North America	8.8	-2.4	62.4	-3.8
Russia & other CIS + Ukraine	7.5	-0.8	51.5	0.0
South America	3.7	6.0	24.2	-0.6
Total 71 countries	152.8	-4.7	1,107.2	-0.7

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 82.9 Mt in July 2024, down 9.0% on July 2023. India produced 12.3 Mt, up 6.8%. Japan produced 7.1 Mt, down 3.8%. The United States produced 6.9 Mt, up 2.1%. Russia is estimated to have produced 6.3 Mt, down 3.1%. South Korea produced 5.5 Mt, down 3.4%. Germany is estimated to have produced 3.1 Mt, up 4.8%. Türkiye produced 3.1 Mt, up 4.0%. Brazil produced 3.1 Mt, up 11.6%. Iran produced 1.8 Mt, down 18.7%.

 

Table 2. Top 10 steel-producing countries

	Jul 2024 (Mt)		% change Jul 24/23	Jan-Jul 2024 (Mt)	% change Jan-Jul 24/23
China	82.9		-9.0	613.7	-2.2
India	12.3		6.8	86.4	7.2
Japan	7.1		-3.8	49.8	-2.8
United States	6.9		2.1	46.9	-1.8
Russia	6.3	e	-3.1	43.1	-3.0
South Korea	5.5		-3.4	37.1	-5.9
Germany	3.1	e	4.8	22.5	4.5
Türkiye	3.1		4.0	21.7	14.9
Brazil	3.1		11.6	19.4	3.3
Iran	1.8		-18.7	18.4	2.9

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

 

Source:World Steel Association