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World’s crude steel production increased by 3.7% in February 2024

World crude steel production for the 71 countries reporting to the World Steel Association (worldsteel) was 148.8 million tonnes (Mt) in February 2024, a 3.7% increase compared to February 2023.

Africa produced 1.8 Mt in February 2024, up 8.1% on February 2023. Asia and Oceania produced 109.7 Mt, up 3.9%. The EU (27) produced 10.6 Mt, down 3.3%.

Europe, Other produced 3.7 Mt, up 32.5%. The Middle East produced 4.2 Mt, up 10.8%. North America produced 8.7 Mt, down 1.3%.

Russia & other CIS + Ukraine produced 6.7 Mt, down 2.5%. South America produced 3.5 Mt, up 10.5%.

Crude steel production by region

Area Feb 2024 (Mt) % change Feb 24/23 Jan-Feb
2024 (Mt)
% change 24/23
Africa 1.8 8.1 3.7 12.3
Asia and Oceania 109.7 3.9 227.1 2.7
EU (27) 10.6 -3.3 21.1 -0.9
Europe, Other 3.7 32.5 7.6 27.2
Middle East 4.2 10.8 8.9 17
North America 8.7 -1.3 17.7 -2.2
CIS 6.7 -2.5 13.7 -0.7
South America 3.5 10.5 7.1 4.8
Total  148.8 3.7 306.9 3

 At the level of Arab countries, Saudi Arabia topped the production of Arab countries in February 2024, with a production of 867.8 tonnes, an increase of 13.9% over the production of February 2023, followed by Egypt with a production of 839.8 thousand tonnes, an increase of 19.1% over the same month.

Algeria came in third place with a production of 320 thousand tonnes, a decrease of 13.5% compared to February 2023, followed by the UAE in fourth place with a production of 307 thousand tonnes, a decrease of 0.2% compared to the same month last year.

At the level of the total production of the Arab countries in the months of January-February 2024, it reached 6942.8 thousand tonnes, an increase of 8.5% compared to the production of the months of January-February 2023.

Arab countries’ production of crude steel

 Country  Feb – 24

(thousand tons)

% change Feb 24/23 Jan-Feb 2024

(thousand tons)

% change  24/23
Egypt 839.8 19.1 1,819.8 20
Algeria 320.0 -13.5 695.0 -6.2
Morocco 110.0 -4.3 230.0 0
Tunisia 5.0 -32.4 10.0 -35.1
Libya 67.7 -8.7 169.9 11.6
Saudi Arabia 867.8 13.9 1,769.3 10.9
UAE 307.0 -0.2 652.6 3.5
Oman 235.0 20.5 485.0 19.8
Qatar 95.0 7.9 199.2 8.3
Bahrain 95.0 -4 195.0 -0.5
Kuwait 80.0 -2.4 163.0 -1.8
Jordan 25.0 4.2 50.0 4.2
Iraq 235.0 -7.8 485.0 -4
Yemen 9.0 12.5 19.0 18.8
Total 3,291.3 6.5 6,942.8 8.5

 

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