March 2024 crude steel production


Crude steel production by region

Africa produced 1.9 Mt in March 2024, up 1.1% on March 2023. Asia and Oceania produced 118.3 Mt, down 5.8%. The EU (27) produced 11.6 Mt, down 4.3%. Europe, Other produced 3.9 Mt, up 11.0%. The Middle East produced 4.8 Mt, up 4.0%. North America produced 9.5 Mt, down 1.4%. Russia & other CIS + Ukraine produced 7.8 Mt, up 1.5%. South America produced 3.5 Mt, down 0.2%.

 

Table 1. Crude steel production by region

  Mar 2024 (Mt) % change Mar 24/23 Jan-Mar
2024 (Mt)
% change Jan-Mar 24/23
Africa 1.9 1.1 5.6 8.3
Asia and Oceania 118.3 -5.8 345.9 -0.4
EU (27) 11.6 -4.3 33.0 -1.4
Europe, Other 3.9 11.0 11.3 20.5
Middle East 4.8 4.0 13.7 12.1
North America 9.5 -1.4 27.2 -1.9
Russia & other CIS + Ukraine 7.8 1.5 21.8 1.6
South America 3.5 -0.2 10.6 3.2
Total 71 countries 161.2 -4.3 469.1 0.5

 

The 71 countries included in this table accounted for approximately 98% of total world crude steel production in 2023.

Regions and countries covered by the table:

  • Africa: Algeria, Egypt, Libya, Morocco, South Africa, Tunisia
  • Asia and Oceania: Australia, China, India, Japan, Mongolia, New Zealand, Pakistan, South Korea, Taiwan (China), Thailand, Viet Nam
  • European Union (27): Austria, Belgium, Bulgaria, Croatia, Czechia, Finland, France, Germany, Greece, Hungary, Italy, Luxembourg, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden
  • Europe, Other: Macedonia, Norway, Serbia, Türkiye, United Kingdom
  • Middle East: Bahrain, Iran, Iraq, Jordan, Kuwait, Oman, Qatar, Saudi Arabia, United Arab Emirates, Yemen
  • North America: Canada, Cuba, El Salvador, Guatemala, Mexico, United States
  • Russia & 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 88.3 Mt in March 2024, down 7.8% on March 2023. India produced 12.7 Mt, up 7.8%. Japan produced 7.2 Mt, down 3.9%. The United States produced 6.9 Mt, the same as in March 2023. Russia is estimated to have produced 6.6 Mt, up 0.8%. South Korea produced 5.3 Mt, down 9.5%. Germany produced 3.5 Mt, up 8.4%. Türkiye produced 3.2 Mt, up 18.0%. Brazil produced 2.8 Mt, up 5.6%. Iran produced 2.8 Mt, up 2.0%.

 

Table 2. Top 10 steel-producing countries

  Mar 2024 (Mt)   % change Mar 24/23 Jan-Mar 2024 (Mt) % change Jan-Mar 24/23
China 88.3   -7.8 256.6 -1.9
India 12.7   7.8 37.3 9.7
Japan 7.2   -3.9 21.5 -0.8
United States 6.9   0.0 19.9 -1.6
Russia 6.6 e 0.8 18.7 -0.2
South Korea 5.3   -9.5 16.2 -2.5
Germany 3.5   8.4 9.7 6.0
Türkiye 3.2   18.0 9.5 28.4
Brazil 2.8   5.6 8.3 6.2
Iran 2.8   2.0 7.6 16.3

e – estimated. Ranking of top 10 producing countries is based on year-to-date aggregate

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