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World steel production increased in August: Featured countries and changes

The World Steel Association (worldsteel) evaluated the world crude steel production of 63 countries in August 2023. According to the data, compared to the same period last year, steel production increased by 2.2% to 152.6 million tons.

World steel production increased in August: Featured countries and changes

Crude steel production by region

  • Africa produced 1.5 million tons of steel in August 2023, up by 16.1% from August 2022.
  • Asia and Oceania produced 115.7 million tons of steel, up by 3.5%.
  • The EU(27) produced 9.1 million tons of steel, down by 4.4%.
  • Europe and other countries produced 3.4 million tons, down by 3.2%.
  • The Middle East produced 2.8 million tons, down by 16.0%.
  • North America produced 9.2 million tons, down by 2.6%.
  • Russia and other CIS countries and Ukraine produced 7.5 million tons of steel, up by 10.7%.
  • Steel production in South America fell by 8.1% to 3.4 million tons.

Countries accounting for around 97% of total world crude steel production in 2022.

Africa: Egypt, Libya, South Africa, Tunisia

Asia and Oceania: Australia, China, India, Japan, Mongolia, New Zealand, Pakistan, Pakistan, South Korea, Taiwan (China), Thailand, Vietnam

European Union (27)

Europe, Other: Macedonia, Norway, Serbia, Türkiye, United Kingdom

Middle East: Iran, Qatar, Saudi Arabia, United Arab Emirates

North America Canada, Cuba, El Salvador, Guatemala, Mexico, United States of America

Russia and 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 86.4 million tons of steel in August 2023, up by 3.2% from August 2022.
  • India produced 11.9 million tons of steel, up by 17.4%.
  • Japan produced 7.1 million tons, down by 2.9%.
  • The United States officially produced 7.0 million tons of steel, up by 1.1%.
  • Russia is estimated to produce 6.4 million tons, up by 8.9%.
  • South Korea produced 5.6 million tons of steel, down by 5.9%.
  • Germany produced 2.8 million tons, down by 1.0%.
  • Türkiye produced 2.8 million tons of steel, down by 2.9%.
  • Brazil produced 2.7 million tons, down by 5.9%.
  • Iran produced 1.6 million tons, down by 24.1%.

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SteelRadar Insight - Sayı 1 (Haziran 2024)

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