World crude steel production decreased by 1.6% in January

The World Steel Association (WorldSteel) announced the first crude steel production figures of 2024. According to the announced data, world crude steel production of 71 countries decreased by 1.6% in January 2024 compared to January 2023, reaching 148.1 million tons (Mt).

Crude steel production by region

While Africa produced 2.0 Mt in January 2024, an increase of 16.3% compared to January 2023. Asia and Oceania produced 107.6 Mt, decreasing by 3.6%. EU (27) produced 10.2 million tons, with a decrease of 1.8%. Europe, Other produced 3.9 million tons, an increase of 22.5%. The Middle East produced 4.7 million tons, an increase of 23.1%. North America produced 9.2 million tons, down 2.1%. Russia and other CIS + Ukraine produced 7.2 million tons with an increase of 4.0%. South America produced 3.4 million tons, down 6.3%.

The 10 countries that produce the most steel

While China produced 77.2 million tons in January 2024, with a decrease of 6.9% compared to the same month of the previous year, India produced 12.5 million tons with an increase of 7.3%. Japan, on the other hand, produced 7.3 million tons with an increase of 0.6%.

The United States produced 6.8 million tons, down 0.3%. It is estimated that Russia produced 6.2 million tons with an increase of 1.2%. South Korea produced 5.7 million tons, with an increase of 1.5%.

Türkiye's crude steel production increased by 24.7%

Türkiye produced 3.2 million tons, an increase of 24.7%. It is estimated that Germany produced 2.9 million tons, with a decrease of 0.9%. Iran produced 2.6 million tons, an increase of 39.3%. It is estimated that Brazil produced 2.5 million tons, with a decrease of 7.2%.