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World crude steel production remained stable in 2023 Türkiye's production decreased by 4%

World Steel Association (Worldsteel) announced global crude steel production data for 2023. Global crude steel production increased by 0.0 percent compared to the previous year, reaching 1 billion 888.2 million tons. Türkiye's crude steel production decreased by 4 percent to 33.7 million tons.

World crude steel production remained stable in 2023 Türkiye's production decreased by 4%

While there was a 0.7 percent increase in Asia's general steel production, China produced 1 billion 19 million tons with a 0.1 percent increase. India, on the other hand, produced 140.2 million tons with an increase of 11.8 percent. Among other important steel producers, Japan's 2.5 percent contraction and the USA's 0.2 percent increase attracted attention.

Steel production in the European Union (EU) decreased by 7.4 percent to 126.3 million tons. While Germany's production decreased by 3.9 percent, the production of Italy and France also decreased. While production in Iran increased by 1.8 percent, there was a decrease of 0.6 percent in Ukraine.

Türkiye ranked 8th in global crude steel production with 33.7 million tons, with a 4 percent decrease. The 14.9 percent decrease in production in China reduced global crude steel production to 135.7 million tons in December 2023, a decrease of 5.3 percent compared to the previous year.

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