Global crude steel production in February 2024

In February 2024, the global crude steel production from 71 countries included in the World Steel Association's statistics reached 148.8 million tons, marking a 3.7% increase compared to the previous year. Here’s a detailed breakdown of production by region, showcasing the diverse performance across the globe:

Source: worldsteel

• Africa produced 1.8 million tons, experiencing an 8.1% year-over-year increase.
• Asia and Oceania led with 109.7 million tons, up by 3.9%.
• The European Union (27 countries) saw a slight decline, producing 10.6 million tons, a 3.3% decrease.
• Other European countries showed a significant surge, with 3.7 million tons produced, marking a 32.5% increase.
• The Middle East also saw growth, with 4.2 million tons, a 10.8% increase.
• North America’s production slightly declined to 8.7 million tons, down by 1.3%.
• Russia and other CIS countries + Ukraine produced 6.7 million tons, witnessing a 2.5% decrease.
• South America had a positive performance with 3.5 million tons, a 10.5% increase.

The countries encompassing these regions, contributing to the statistics, span continents and include notable steel producers like China, India, Japan, the United States, Russia, South Korea, Turkey, Germany, Brazil, and Iran. These countries are pivotal in shaping global steel production dynamics, reflecting a mix of growth and declines in their respective outputs.

In the February 2024 rankings for crude steel production, China remained the dominant producer with an estimated 81.18 million tons, marking a 3.5% year-over-year increase. India followed with impressive growth, producing 11.8 million tons and achieving an 11.4% increase. Other key contributors included Japan, the United States, Russia, South Korea, Turkey, Germany, Brazil, and Iran, each showcasing varying degrees of growth or decline, highlighting the global steel industry's complexity and the different factors influencing production across regions.