Source: World Steel Association
In February 2024, the global crude steel production in 71 countries monitored by the World Steel Association reached 1.488 billion tons, marking a 3.7% increase compared to the same period last year.
Regional Crude Steel Production
In February 2024, Africa’s crude steel production was 18 million tons, up by 8.1% compared to the previous year.
Asia and Oceania’s crude steel production was 1.097 billion tons, reflecting a 3.9% increase year-on-year.
The European Union (27 countries) produced 106 million tons of crude steel, a decrease of 3.3% from the previous year.
Other European countries produced 37 million tons of crude steel, showing a significant increase of 32.5% compared to the previous year.
The Middle East produced 42 million tons of crude steel, up by 10.8% year-on-year.
North America’s crude steel production was 87 million tons, down by 1.3% from the previous year.
Russia, other CIS countries, and Ukraine collectively produced 67 million tons of crude steel, a decrease of 2.5% from the previous year.
South America’s crude steel production was 35 million tons, showing a notable increase of 10.5% compared to the previous year.
Top Ten Countries by Crude Steel Production
China’s estimated crude steel production in February 2024 was 811.8 million tons, up by 3.5% year-on-year.
India produced 118 million tons of crude steel, showing a significant increase of 11.4% compared to the previous year.
Japan’s crude steel production was 70 million tons, up by 1.1% year-on-year.
The United States produced 65 million tons of crude steel, a decrease of 1.2% from the previous year.
Russia’s estimated crude steel production was 57 million tons, down by 4.4% year-on-year.
South Korea produced 51 million tons of crude steel, a decrease of 1.5% from the previous year.
Turkey’s crude steel production was 31 million tons, showing a substantial increase of 46.6% compared to the previous year.
Germany produced 31 million tons of crude steel, up by 4.4% year-on-year.
Brazil’s crude steel production was 28 million tons, showing a notable increase of 13.1% compared to the previous year.
Iran produced 22 million tons of crude steel, reflecting a significant increase of 14.3% compared to the previous year.
This data from the World Steel Association provides insight into the global trends in crude steel production, indicating both growth and fluctuations across regions and countries. The figures demonstrate the dynamic nature of the steel industry and its importance in various economies worldwide.
For more detailed information and analysis, please visit the World Steel Association’s official website at www.worldsteel.org.