Global crude steel production down 6.5% YoY in August 2024

2024-09-24

Sep. 24, 2024 - World crude steel production for the 71 countries reporting to the World Steel Association (worldsteel) was 144.8 million tonnes (Mt) in August 2024, a 6.5% decrease compared to August 2023.

Crude steel production by region

Africa produced 1.9 Mt in August 2024, down 7.2% on August 2023. Asia and Oceania produced 107.1 Mt, down 8.0%. The EU (27) produced 9.1 Mt, up 2.2%. Europe, Other produced 3.7 Mt, up 8.4%. The Middle East produced 3.4 Mt, down 3.2%. North America produced 9.0 Mt, down 3.8%. Russia & other CIS + Ukraine produced 7.0 Mt, down 8.7%. South America produced 3.6 Mt, up 0.8%.

Top 10 steel-producing countries

China produced 77.9 Mt in August 2024, down 10.4% on August 2023. India produced 12.3 Mt, up 2.6%. Japan produced 6.9 Mt, down 3.9%. The United States produced 7.0 Mt, up 0.7%. Russia is estimated to have produced 5.8 Mt, down 11.5%. South Korea produced 5.5 Mt, down 2.2%. Germany produced 2.9 Mt, down 0.5%. Türkiye produced 3.1 Mt, up 13.8%. Brazil produced 3.0 Mt, up 7.3%. Iran produced 1.4 Mt, down 9.9%.