February 2024 crude steel production

  • Monday, March 25, 2024
  • Source:ferro-alloys.com

  • Keywords:crude steel, steel
[Fellow]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.

[Ferro-Alloys.com] 

February 2024 crude steel production

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.

Crude steel production by region

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%.

Table 1. Crude steel production by region

  Feb 2024 (Mt) % change Feb 24/23 Jan-Feb
2024 (Mt)
% change Jan-Feb 24/23
Africa 1.8 8.1 3.7 12.3
Asia and Oceania 109.7 3.9 227.1 2.7
EU (27) 10.6 -3.3 21.1 -0.9
Europe, Other 3.7 32.5 7.6 27.2
Middle East 4.2 10.8 8.9 17.0
North America 8.7 -1.3 17.7 -2.2
Russia & other CIS + Ukraine 6.7 -2.5 13.7 -0.7
South America 3.5 10.5 7.1 4.8
Total 71 countries 148.8 3.7 306.9 3.0

The 71 countries included in this table accounted for approximately 98% of total world crude steel production in 2023.

Regions and countries covered by the table:

  • Africa: Algeria, Egypt, Libya, Morocco, South Africa, Tunisia
  • Asia and Oceania: Australia, China, India, Japan, Mongolia, New Zealand, Pakistan, South Korea, Taiwan (China), Thailand, Viet Nam
  • European Union (27): Austria, Belgium, Bulgaria, Croatia, Czechia, Finland, France, Germany, Greece, Hungary, Italy, Luxembourg, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden
  • Europe, Other: Macedonia, Norway, Serbia, Türkiye, United Kingdom
  • Middle East: Bahrain, Iran, Iraq, Jordan, Kuwait, Oman, Qatar, Saudi Arabia, United Arab Emirates, Yemen
  • North America: Canada, Cuba, El Salvador, Guatemala, Mexico, United States
  • Russia & other CIS + Ukraine: Belarus, Kazakhstan, Russia, Ukraine
  • South America: Argentina, Brazil, Chile, Colombia, Ecuador, Paraguay, Peru, Uruguay, Venezuela

Top 10 steel-producing countries

China is estimated to have produced 81.2 Mt in February 2024, up 3.5% on February 2023. India produced 11.8 Mt, up 11.4%. Japan produced 7.0 Mt, up 1.1%. The United States produced 6.5 Mt, down 1.2%. Russia is estimated to have produced 5.7 Mt, down 4.4%. South Korea produced 5.1 Mt, down 1.5%. Türkiye produced 3.1 Mt, up 46.6%. Germany produced 3.1 Mt, up 4.4%. Brazil produced 2.8 Mt, up 13.1%. Iran produced 2.2 Mt, up 14.3%.

Table 2. Top 10 steel-producing countries

  Feb 2024 (Mt)   % change Feb 24/23 Jan-Feb 2024 (Mt) % change Jan-Feb 24/23
China 81.2 e 3.5 168.0 1.6
India 11.8   11.4 24.5 10.0
Japan 7.0   1.1 14.3 0.8
United States 6.5   -1.2 13.0 -2.6
Russia 5.7 e -4.4 11.7 -3.2
South Korea 5.1   -1.5 10.8 0.2
Türkiye 3.1   46.6 6.3 34.5
Germany 3.1   4.4 6.2 4.6
Brazil 2.8   13.1 5.5 6.4
Iran 2.2   14.3 4.8 26.5

e – estimated. Ranking of top 10 producing countries is based on year-to-date aggregate

Source: worldsteel

 

 

 

 

  • [Editor:邢亚敏]

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