World Steel Association

09/24/2024 | Press release | Distributed by Public on 09/24/2024 04:21

August 2024 crude steel production

24 September 2024 Brussels, Belgium

World crude steel production for the 71 countries reporting to the World Steel Association (worldsteel) was 144.8 million tonnes (Mt) in August 2024, a 6.5% decrease compared to August 2023.

Crude steel production by region

Africa produced 1.9 Mt in August 2024, down 7.2% on August 2023. Asia and Oceania produced 107.1 Mt, down 8.0%. The EU (27) produced 9.1 Mt, up 2.2%. Europe, Other produced 3.7 Mt, up 8.4%. The Middle East produced 3.4 Mt, down 3.2%. North America produced 9.0 Mt, down 3.8%. Russia & other CIS + Ukraine produced 7.0 Mt, down 8.7%. South America produced 3.6 Mt, up 0.8%.

Table 1. Crude steel production by region

Aug 2024 (Mt) % change Aug 24/23 Jan-Aug
2024 (Mt) 		% change Jan-Aug 24/23
Africa 1.9 -7.2 14.7 1.9
Asia and Oceania 107.1 -8.0 926.7 -2.2
EU (27) 9.1 2.2 87.2 1.5
Europe, Other 3.7 8.4 29.6 8.4
Middle East 3.4 -3.2 35.5 3.0
North America 9.0 -3.8 71.4 -3.9
Russia & other CIS + Ukraine 7.0 -8.7 58.1 -1.8
South America 3.6 0.8 27.9 -0.4
Total 71 countries 144.8 -6.5 1,251.1 -1.5

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 produced 77.9 Mt in August 2024, down 10.4% on August 2023. India produced 12.3 Mt, up 2.6%. Japan produced 6.9 Mt, down 3.9%. The United States produced 7.0 Mt, up 0.7%. Russia is estimated to have produced 5.8 Mt, down 11.5%. South Korea produced 5.5 Mt, down 2.2%. Germany produced 2.9 Mt, down 0.5%. Türkiye produced 3.1 Mt, up 13.8%. Brazil produced 3.0 Mt, up 7.3%. Iran produced 1.4 Mt, down 9.9%.

Table 2. Top 10 steel-producing countries

Aug 2024 (Mt) % change Aug 24/23 Jan-Aug 2024 (Mt) % change Jan-Aug 24/23
China 77.9 -10.4 691.4 -3.3
India 12.3 2.6 98.5 6.5
Japan 6.9 -3.9 56.7 -2.9
United States 7.0 0.7 53.8 -1.7
Russia 5.8 e -11.5 48.5 -4.9
South Korea 5.5 -2.2 42.5 -5.5
Germany 2.9 0.5 25.4 4.0
Türkiye 3.1 13.8 24.8 14.8
Brazil 3.0 7.3 22.4 3.8
Iran 1.4 -9.9 19.8 1.9

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

Notes to Editors:

  • The World Steel Association (worldsteel) is one of the largest and most dynamic industry associations in the world, with members in every major steel-producing country. worldsteel represents steel producers, national and regional steel industry associations, and steel research institutes. Members represent around 85% of global steel production.
  • worldsteel makes a limited set of data available free of charge via the Steel Data Viewer. A subscription with access to the iron and crude steel production data for all other countries is available for €1,485 via the worldsteel bookshop. This subscription includes access to 20 years of data in the Steel Statistical Yearbook. Please contact [email protected] with any questions.
  • Information on capacity can be found on the OECD website.