World Steel Association (WorldSteel) announced the crude steel production figures for May 2024. According to the data released, crude steel production of 71 countries in May 2024 increased by 1.5% compared to the same month of the previous year, reaching 165.1 million tons (Mt).
Crude steel production by region
In May, Africa's crude steel production increased by 0.9% compared to the same month of the previous year, reaching 1.8 million tons.
Asia and Oceania, on the other hand, produced 122.1 million tons with an increase of 1.6% during the same period. The EU (27) realized a production of 11.7 million tons with a 1.8% increase while Europe, Others produced 3.9 million tons with a 6.2% increase. The Middle East produced 5.2 million tons with a 4.6% increase, North America produced 9.4 million tons of crude steel with a 0.9% decrease. Russia and other CIS countries + Ukraine produced 7.7 million tons with a 2.8% increase, South America produced 3.3 million tons with an 8.2% decrease.
Top 10 steel-producing countries
China maintained its lead by producing 92.9 million tons in May, marking a 2.7% increase compared to the previous year. India, on the other hand, produced 12.2 million tons with a 3.5% increase. Japan's production was at 7.2 million tons, reflecting a decrease of 6.3%. The U.S. produced 6.9 million tons, showing a decrease of 1.5%, while Russia's estimated production was 6.3 million tons with a 0.9% decrease. South Korea produced 5.2 million tons, experiencing a 10.9% decrease, Germany produced 3.2 million tons with a 1.9% decrease, Turkey produced 3.2 million tons with an 11.6% increase, Iran produced 3.3 million tons with a 2.1% increase, and Brazil produced 2.6 million tons with a 7.4% decrease.
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