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World crude steel production down 4.7% in July 2024

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.

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%.

Crude steel production by region

region Jul 2024 (Mt) % change Jul 24/23 Jan-Jul 2024 (Mt) % change Jul 24/23
Africa 2.0 4.0 12.8 3.3
Asia and Oceania 112.7 -6.4 820 -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
CIS 7.5 -0.8 51.5 0
South America 3.7 6.0 24.2 -0.6
Total  152.8 -4.7 1,107.20 -0.7

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%.

Top 10 steel-producing countries

الدولة Jul 2024 (Mt) % change Jul 24/23 Jan-Jul 2024 (Mt) % change 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 -3.1 43.1 -3.0
South Korea 5.5 -3.4 37.1 -5.9
Germany 3.1 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

 

 

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