10,743.20 TRY BIST 100 BIST 100
46.46 EUR EUR EUR
40.59 USD USD USD
5.67 CNY CNY CNY
0.12 CNY CNY/EUR CNY/EUR
40.29 TRY Interest Interest
71.84 USD Fossil Oil Fossil Oil
47.99 USD Silver Silver
4.42 USD Copper Copper
99.86 USD Iron Ore Iron Ore
332.00 USD Shipbreaking Scrap Shipbreaking Scrap
4,309.48 TRY Gold (gr) Gold (gr)

Electric arc furnace usage in global steel production hits 28.6%

In 2023, the share of electric arc furnace (EAF) usage in world steel production reached 28.6%.

Electric arc furnace usage in global steel production hits 28.6%

According to data from the World Steel Association analyzed by SteelRadar, electric arc furnace (EAF) accounted for 28.6% of global steel production.

Mexico led the way with the highest utilization rate of EAF, producing 16.2 million tons of steel with a 93.4% EAF usage rate. South America followed closely, with 93.2% EAF usage in 3.6 million tons of steel production. Iran produced 31 million tons of steel using EAF at a rate of 92.1%, while Italy reported 85.8% EAF usage in 21.1 million tons of steel production. Spain and Turkey also reported significant usage, with Spain producing 11.4 million tons of steel at a 71.9% EAF usage rate and Turkey producing 33.7 million tons of steel with 71.6% EAF usage.

China, the world's largest steel producer, reported a 9.9% EAF usage rate in its 1,019.1 million tons of steel production. In India, EAF accounted for 56.4% of the country's 140.8 million tons of steel production.

During the same period, Russia reported an EAF usage rate of 32% in its 76 million tons of steel production.

Middle East Leads in EAF Usage Rate

Regionally, the EAF usage rate in Asia was 18.8% across 1,395.2 million tons of steel production. In the European Union, 44.8% of the 126.3 million tons of steel produced were made using EAF.

In Russia and the CIS regions, EAF usage was at 32.4% for 90.5 million tons of steel production. Other European regions reported a 63.8% EAF usage rate for 43.6 million tons of steel production. In North America, 69.2% of the 110.2 million tons of steel produced used EAF, while in South America, the rate was 33.3% for 41.6 million tons of steel production. The African region reported an 86.9% EAF usage rate for 24.2 million tons of steel production, while the Middle East led all regions with a 95.5% EAF usage rate for 54.5 million tons of steel production.

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

Merz: EU to discuss steel export quotas with US

Friday, August 1, 2025

Canada's response to US tariffs: “We will diversify our exports and turn to our own resources”

Friday, August 1, 2025

Canada completes dumping investigation of steel pipes originating in Japan

Friday, August 1, 2025

Ministry of Trade: Türkiye positively differentiated against new US tariffs

Friday, August 1, 2025

Sims and Alter Steel collaborate for low carbon steel

Friday, August 1, 2025
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