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World’s crude steel production increased by 1.5% in May 2024

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.

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%.

Crude steel production by region

Area 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 7.7
North America 9.4 -0.9 45.2 -3
CIS 7.7 2.8 36.7 0.1
South America 3.3 -8.2 17.3 -1.4
Total  165.1 1.5 793.2 -0.1

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%.

Top 10 steel-producing countries

Country 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 -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 9.1
Brazil 2.6 -7.4 13.6 0.6

 

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