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Arab countries’ crude steel production increases by 4.9% in January – July 2024

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%
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