News Room - Steel Industry

Posted on 25 Sep 2024

August 2024 crude steel production

World crude steel production for the 71 countries reporting to the World Steel Association (worldsteel) was 144.8 million tonnes (Mt) in August 2024, a 6.5% decrease compared to August 2023.

Crude steel production by region

Africa produced 1.9 Mt in August 2024, down 7.2% on August 2023. Asia and Oceania produced 107.1 Mt, down 8.0%. The EU (27) produced 9.1 Mt, up 2.2%. Europe, Other produced 3.7 Mt, up 8.4%. The Middle East produced 3.4 Mt, down 3.2%. North America produced 9.0 Mt, down 3.8%. Russia & other CIS + Ukraine produced 7.0 Mt, down 8.7%. South America produced 3.6 Mt, up 0.8%.

 

Table 1. Crude steel production by region

	Aug 2024 (Mt)	% change Aug 24/23	Jan-Aug 2024 (Mt)	% change Jan-Aug 24/23
Africa	1.9	-7.2	14.7	1.9
Asia and Oceania	107.1	-8.0	926.7	-2.2
EU (27)	9.1	2.2	87.2	1.5
Europe, Other	3.7	8.4	29.6	8.4
Middle East	3.4	-3.2	35.5	3.0
North America	9.0	-3.8	71.4	-3.9
Russia & other CIS + Ukraine	7.0	-8.7	58.1	-1.8
South America	3.6	0.8	27.9	-0.4
Total 71 countries	144.8	-6.5	1,251.1	-1.5

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 77.9 Mt in August 2024, down 10.4% on August 2023. India produced 12.3 Mt, up 2.6%. Japan produced 6.9 Mt, down 3.9%. The United States produced 7.0 Mt, up 0.7%. Russia is estimated to have produced 5.8 Mt, down 11.5%. South Korea produced 5.5 Mt, down 2.2%. Germany produced 2.9 Mt, down 0.5%. Türkiye produced 3.1 Mt, up 13.8%. Brazil produced 3.0 Mt, up 7.3%. Iran produced 1.4 Mt, down 9.9%.

 

Table 2. Top 10 steel-producing countries

	Aug 2024 (Mt)		% change Aug 24/23	Jan-Aug 2024 (Mt)	% change Jan-Aug 24/23
China	77.9		-10.4	691.4	-3.3
India	12.3		2.6	98.5	6.5
Japan	6.9		-3.9	56.7	-2.9
United States	7.0		0.7	53.8	-1.7
Russia	5.8	e	-11.5	48.5	-4.9
South Korea	5.5		-2.2	42.5	-5.5
Germany	2.9		0.5	25.4	4.0
Türkiye	3.1		13.8	24.8	14.8
Brazil	3.0		7.3	22.4	3.8
Iran	1.4		-9.9	19.8	1.9

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

Source:World Steel Association