Arab Steel Summit 2025
Arab Steel Summit 2025
Arab Steel Summit 2025
Arab Steel Summit 2025
Ezz_Web_Banner_Side_280x200
qatar_steel2
SMS group
Steelco
Arab Steel Summit 2025
steelradar
Kallanish

World crude steel production to decline in 2024

World crude steel production for the 71 countries reporting to the World Steel Association (worldsteel) was 144.5 million tonnes (Mt) in December 2024, a 5.6% increase compared to December 2023.

Africa produced 1.9 Mt in December 2024, down 1.0% on December 2023. Asia and Oceania produced 106.3 Mt, up 9.0%.

The EU (27) produced 9.6 Mt, up 7.2%. Europe, Other produced 3.3 Mt, down 14.3%. The Middle East produced 4.6 Mt, down 4.5%.

North America produced 8.8 Mt, down 4.3%. Russia & other CIS + Ukraine produced 6.8 Mt, down 6.8%. South America produced 3.1 Mt, down 3.8%.

Crude steel production by region
Region Dec 2024 (Mt) % change Dec 24/23 Jan-Dec 2024 (Mt) % change Jan-Dec 24/23
Africa 1.9 -1.0 22.3 1.0
Asia and Oceania 106.3 9.0 1,357.8 -1.0
EU (27) 9.6 7.2 129.5 2.6
Europe, Other 3.3 -14.3 43.2 3.4
Middle East 4.6 -4.5 54.1 0.5
North America 8.8 -4.3 105.9 -4.2
CIS 6.8 -6.8 84.8 -4.2
South America 3.1 -3.8 41.9 0.6
Total 71 countries 144.5 5.6 1,839.4 -0.9
China produced 76.0 Mt in December 2024, up 11.8% on December 2023. India produced 13.6 Mt, up 9.5%. Japan produced 6.9 Mt, down 1.1%. The United States produced 6.7 Mt, down 2.4%.
Russia is estimated to have produced 5.7 Mt, down 8.6%. South Korea produced 5.2 Mt, down 3.2%.
Germany produced 2.7 Mt, up 4.1%. Türkiye produced 3.0 Mt, down 7.6%. Brazil produced 2.6 Mt, up 1.8%. Iran produced 2.6 Mt, down 8.2%.

 

Top 10 steel-producing countries

Country Dec 2024 (Mt) % change Dec 24/23 Jan-Dec 2024 (Mt) % change Jan-Dec 24/23
China 76.0 11.8 1,005.1 -1.7
India 13.6 9.5 149.6 6.3
Japan 6.9 -1.1 84.0 -3.4
United States 6.7 -2.4 79.5 -2.4
Russia 5.7 -8.6 70.7 -7.0
South Korea 5.2 -3.2 63.5 -4.7
Germany 2.7 4.1 37.2 5.2
Türkiye 3.0 -7.6 36.9 9.4
Brazil 2.6 1.8 33.7 5.3
Iran 2.6 -8.2 31.0 0.8
Twitter
Facebook

Related News

Ezz-780-1
kuwit-steel3
mih-1

Latest News