Small growth in world crude steel output
July 26, 2024 10:51:44 AM
World crude steel production in June 2024 was 161.4 million tonnes (Mt) in June, a 0.5% increase compared to June 2023.
The data comes from the 71 countries reporting national production to the World Steel Association (worldsteel).
China increase
As always, the list is headed by China with produced 91.6 Mt in June 2024, up 0.2% on the year before. India’s 12.3 Mt was up 6.0% while the output in Japan of 7.0 Mt was down 4.2%.
Of the remaining ‘top ten’, the United States’ output was 6.7 Mt, down 1.5%; Russia is estimated to have produced 6.0 Mt (down 4.1%); South Korea 5.1 Mt (down 7.2%); Germany 3.2 Mt (down 8.9%); Türkiye 3.1 Mt (up 4.3%); Iran 2.6 Mt (down 8.5%) and Brazil 2.9 Mt (up 11.8%).
Steel News
- Chinese HRC granted breather, Formosa maintains HRC prices
- Kanto monthly scrap export tender price falls
- US locks in steep China tariff hikes, some industries warn of disruptions
Steel Export Market Prices
Material | Price | Change |
---|---|---|
Stainless Seamless Pipe 304 108*4 mm | $ 2185.31 | 49.05 |
Stainless Scrap 304 Solid | $ 1309.92 | -11.08 |
Stainless Bar 321 60 mm | $ 2210.14 | 27.90 |
Stainless Bar 304 60 mm | $ 1969.53 | 22.35 |
Stainless HR Coil 304/No.1 6.0 mm | $ 1911.47 | 37.93 |