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World crude steel production in February increased by 3.7%

World crude steel production increased by 3.7% compared to the same month of the previous year to 148.8 million tons (Mt) in February 2024.

World crude steel production in February increased by 3.7%

The World Steel Association (WorldSteel) announced the first crude steel production figures for 2024. According to the data, world crude steel production for 71 countries totaled 148.8 million tons (Mt) in February 2024, up by 3.7% from the same month in 2023.

Regional crude steel production

Africa produced 1.8 Mt in February 2024, up by 8.1% from February 2023. Asia and Oceania produced 109.7 Mt, up by 3.9%. EU (27) produced 10.6 Mt, a decrease of 3.3%. Europe, Other produced 3.7 Mt, up by 32.5%. Middle East produced 4.2 Mt, up by 10.8%. North America produced 8.7 Mt, down by 1.3%. Russia and other CIS + Ukraine accounted for 6.7 Mt, down by 2.5%. South America generated 3.5 Mt, up by 10.5%.

Top 10 steel producing countries rankings

China is estimated to produce 81.2 Mt in February 2024, up by 3.5% from February 2023.

India produced 11.8 Mt, with an 11.4% increase. Japan produced 7.0 Mt, up by 1.1%.

The United States produced 6.5 Mt, down by 1.2%.

Russia is estimated to have produced 5.7 Mt, down by 4.4%.

South Korea produced 5.1 Mt, down by 1.5%.

Türkiye produced 3.1 Mt, up by 46.6%. Germany produced 3.1 Mt, up by 4.4%.

Brazil produced 2.8 Mt, up by 13.1%.

Iran produced 2.2 Mt, up by 14.3%.

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SteelRadar Insight - Sayı 1 (Haziran 2024)

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