According to the latest report issued by the World Steel Organization on crude steel production. Arab countries’ crude steel production amounted to 3.4 million tons in July 2024, an increase of 2.7% compared to July 2023.
July 2024 production was. Egypt topped Arab countries in steel production in July with a production volume of 959 thousand tons and an increase of 12.2%. It was followed by Saudi Arabia with a production volume of 830 thousand tons and a decrease of 3.1%. Algeria came in third place with a production volume of 350 thousand tons and a decrease of 3.3%.
In the period from January to July 2024, Arab countries’ crude steel production amounted to 23.8 million tons, an increase of 4.9% compared to the same period last year.
Egypt topped the Arab countries in crude steel production in January – July 2024 with a production volume of 6.2 million tons, an increase of 9.7%. It was followed by Saudi Arabia with a production volume of 5.9 million tons, an increase of 3.9%. Algeria came in third place with a production volume of 2.5 million tons, a decrease of 3.3%.
The Gulf region accounted for about 50% of the Arab countries’ production with a production volume of 11.7 million tons. Saudi Arabia leads it with about 50% of the region’s production.
The North Africa region accounted for 42% of the Arab countries’ production with a production volume of 10 million tons. Egypt leads it with 62% of the region’s production.
The Eastern Mediterranean region accounted for 8% of the Arab countries’ production with a production volume of 1.9 million tons. Iraq leads it with 88% of the region’s production.
Gulf Area
Country | July 2024 (000t) | % change July 24/23 | Jan-Jul 2024 (000tt) | % change Jan-Jul 24/23 |
Saudi Arabia | 830 | -3.1% | 5,916 | 3.9% |
UAE | 229 | -20.6% | 2,088 | 0.3% |
Oman | 270 | 38.5% | 1,780 | 26.7% |
Bahrain | 100 | 0.0% | 700 | 0.0% |
Qatar | 100 | -1.2% | 695 | 3.8% |
Kuwait | 85 | 2.4% | 598 | 2.2% |
Total | 1,614 | -0.7% | 11,777 | 5.7% |
North Africa
Country | July 2024 (000t) | % change July 24/23 | Jan-Jul 2024 (000tt) | % change Jan-Jul 24/23 |
Egypt | 959 | 12.2% | 6,183 | 9.7% |
Algeria | 350 | -3.8% | 2,500 | -3.3% |
Morocco | 125 | 9.6% | 830 | 3.0% |
Libya | 57 | -11.7% | 461 | -1.5% |
Tunisia | 6 | 36.4% | 40 | -6.7% |
Total | 1,497 | 6.8% | 10,014 | 5.0% |
Eastern Mediterranean
Country | July 2024 (000t) | % change July 24/23 | Jan-Jul 2024 (000tt) | % change Jan-Jul 24/23 |
Iraq | 260 | 2.0% | 1,755 | -0.8% |
Jordan | 25 | 4.2% | 175 | 1.2% |
Yemen | 8 | -11.1% | 60 | 3.4% |
Total | 293 | 1.7% | 1,990 | -0.5% |
Arab countries
July 2024 (000t) | % change July 24/23 | Jan-Jul 2024 (000tt) | % change Jan-Jul 24/23 | |
Arab countries | 3,404 | 2.7% | 23,781 | 4.9% |