World crude steel production decreased by 4.3% in March

The World Steel Association (WorldSteel) announced the crude steel production figures for March 2024. According to the announced data, world crude steel production of 71 countries decreased by 4.3% in March 2024 compared to the same month of the previous year, reaching 161.2 million tons (Mt).

Crude steel production by region

Africa produced 1.9 Mt in March 2024, up 1.1% from March 2023. Asia and Oceania produced 118.3 Mt, down 5.8%. EU (27) produced 11.6 million tons, with a decrease of 4.3%. Europe, Other produced 3.9 million tons, with an increase of 11.0%. The Middle East produced 4.8 million tons, an increase of 4.0%. North America produced 9.5 million tons, down 1.4%. Russia and other CIS + Ukraine produced 7.8 million tons with an increase of 1.5%. South America produced 3.5 million tons, down 0.2%.

The 10 countries that produce the most steel

China produced 88.3 Mt in March 2024, down 7.8% from March 2023. India produced 12.7 Mt, an increase of 7.8%. Japan produced 7.2 million tons, with a decrease of 3.9%. The United States produced 6.9 million tons, the same level as in March 2023. It is estimated that Russia produced 6.6 million tons, an increase of 0.8%. South Korea produced 5.3 million tons, with a decrease of 9.5%. Germany produced 3.5 million tons, an increase of 8.4%. Türkiye produced 3.2 million tons with an increase of 18.0%. Brazil produced 2.8 million tons, an increase of 5.6%. Iran produced 2.8 million tons with an increase of 2.0%.

increased in the first quarter
In the first quarter of the year, global crude steel production increased by 0.5%, reaching 469.1 million tons.

During the said period, production in China remained at 256.6 million tons with a decrease of 1.9%, while in India it increased by 9.7% and reached 37.3 million tons.

Türkiye increased its production by 28.4%, becoming one of the countries with the highest increase. Thus, production amounted to 9.5 million tons.