World’s crude steel production increased by 3.7% in February 2024

World crude steel production for the 71 countries reporting to the World Steel Association (worldsteel) was 148.8 million tonnes (Mt) in February 2024, a 3.7% increase compared to February 2023.

Africa produced 1.8 Mt in February 2024, up 8.1% on February 2023. Asia and Oceania produced 109.7 Mt, up 3.9%. The EU (27) produced 10.6 Mt, down 3.3%.

Europe, Other produced 3.7 Mt, up 32.5%. The Middle East produced 4.2 Mt, up 10.8%. North America produced 8.7 Mt, down 1.3%.

Russia & other CIS + Ukraine produced 6.7 Mt, down 2.5%. South America produced 3.5 Mt, up 10.5%.

Crude steel production by region

 At the level of Arab countries, Saudi Arabia topped the production of Arab countries in February 2024, with a production of 867.8 tonnes, an increase of 13.9% over the production of February 2023, followed by Egypt with a production of 839.8 thousand tonnes, an increase of 19.1% over the same month.

Algeria came in third place with a production of 320 thousand tonnes, a decrease of 13.5% compared to February 2023, followed by the UAE in fourth place with a production of 307 thousand tonnes, a decrease of 0.2% compared to the same month last year.

At the level of the total production of the Arab countries in the months of January-February 2024, it reached 6942.8 thousand tonnes, an increase of 8.5% compared to the production of the months of January-February 2023.

Arab countries’ production of crude steel