World crude steel production decreased by 5.3% in December

According to data released by the World Steel Association (WorldSteel), global crude steel production decreased by 5.3% y-o-y to 135.7 million metric tons (Mt) in December. China, the largest producer and consumer of the metal, reduced its crude steel output by 14.9% to 67.4 million tons in December.

India produced 12.1 million tons of crude steel in the same period, up by 9.5%, while Japan produced 7.0 Mt, increasing by 1.1%. The US produced 6.8 million tons of crude steel, up by 7.6%, while Russia produced 6.0 million tons, up by 4.3%. South Korea produced 5.4 million tons of crude steel, up by 11.9%, while Germany produced 2.6 million tons, down by 2.3%.

Türkiye's crude steel production increased by 21.2% to 3.2 million tons in December.