9,889.71 TRY BIST 100 BIST 100
35.29 USD USD USD
36.81 EUR EUR EUR
4.87 CNY CNY CNY
0.13 CNY CNY/EUR CNY/EUR
40.51 TRY Interest Interest
74.61 USD Fossil Oil Fossil Oil
28.83 USD Silver Silver
4.08 USD Copper Copper
99.05 USD Iron Ore Iron Ore
355.00 USD Shipbreaking Scrap Shipbreaking Scrap
2,604.83 TRY Gold (gr) Gold (gr)

World steel production on the increase: 63 countries report 6.6% growth

The World Steel Association (worldsteel) evaluated the world crude steel production of 63 countries in July 2023. According to the data, compared to the same period last year, steel production increased by 6.6% to 158.5 million tons.

World steel production on the increase: 63 countries report 6.6% growth

Changes in Steel Production by Region:

- Africa produced 1.4 million tons of steel in July 2023, up 26.1%.
- Asia and Oceania produced 119.9 million tons of steel, up 9.1%.
- The European Union (27) produced 10.3 million tons of steel, down 7.1%.
- Other European countries produced 3.6 million tons of steel, up 5.1%.
- Steel production in the Middle East decreased by 3.9% to 3.1 million tons.
- North America produced 9.4 million tons of steel, down 1.2%.
- Russia and other CIS countries and Ukraine produced 7.4 million tons of steel, up 9.3%.
- Steel production in South America decreased by 8.4% to 3.4 million tons.

Countries accounting for around 97% of total world crude steel production in 2022:

- Africa: Egypt, Libya, South Africa, Tunisia
- Asia and Oceania: Australia, China, India, Japan, Mongolia, New Zealand, Pakistan, South Korea, Taiwan (China), Thailand, Vietnam
- European Union (27)
- Europe, Other: Macedonia, Norway, Serbia, Turkey, United Kingdom
- Middle East: Iran, Qatar, Saudi Arabia, United Arab Emirates
- North America: Canada, Cuba, El Salvador, Guatemala, Mexico, United States of America
- Russia and other CIS + Ukraine: Belarus, Kazakhstan, Russia, Ukraine
- South America: Argentina, Brazil, Chile, Colombia, Ecuador, Paraguay, Peru, Uruguay, Venezuela

Featured Countries in Steel Production:

- China produced 90.8 million tons of steel in July 2023, up 11.5%.
- India increased its production by 14.3% to 11.5 million tons of steel.
- Japan produced 7.4 million tons of steel, up 0.9%.
- The United States produced 6.9 million tons of steel, up 0.5%.
- Russia produced 6.3 million tons of steel, up 5.8%.
- South Korea produced 5.7 million tons of steel, down 9.0%.
- Germany produced 3.0 million tons of steel, down 0.5%.
- Turkey increased its production by 6.4% to 2.9 million tons of steel.
- Brazil produced 2.7 million tons of steel, down 4.7%.
- Iran produced 2.0 million tons of steel, down 1.5%.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Türkiye's iron and steel import value was 21.46 billion USD in January-November period

Tuesday, December 31, 2024

Local sales take the spotlight in Vietnam's HRC market

Tuesday, December 31, 2024

December PMI data in China came in below expectations

Tuesday, December 31, 2024

Rebar prices remain high in Kuwait: What will change in 2025?

Tuesday, December 31, 2024

Economic uncertainties drive fluctuations in Egypt's rebar market

Monday, December 30, 2024
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now