April 2024 crude steel production
Crude steel production by region
Africa produced 1.8 Mt in April 2024, up 1.4% on April 2023. Asia and Oceania produced 114.8 Mt, down 5.8%. The EU (27) produced 11.3 Mt, up 1.1%. Europe, Other produced 3.4 Mt, down 2.6%. The Middle East produced 4.6 Mt, down 8.2%. North America produced 8.9 Mt, down 5.2%. Russia & other CIS + Ukraine produced 7.4 Mt, down 3.5%. South America produced 3.4 Mt, down 3.9%.
Table 1. Crude steel production by region
| Apr 2024 (Mt) | % change Apr 24/23 | Jan-Apr 2024 (Mt) | % change Jan-Apr 24/23 | |
| Africa | 1.8 | 1.4 | 7.4 | 6.6 |
| Asia and Oceania | 114.8 | -5.8 | 461.8 | -1.6 |
| EU (27) | 11.3 | 1.1 | 44.4 | -0.6 |
| Europe, Other | 3.4 | -2.6 | 14.7 | 13.9 |
| Middle East | 4.6 | -8.2 | 18.3 | 6.2 |
| North America | 8.9 | -5.2 | 35.8 | -3.7 |
| Russia & other CIS + Ukraine | 7.4 | -3.5 | 29.0 | -0.6 |
| South America | 3.4 | -3.9 | 14.0 | 1.2 |
| Total 71 countries | 155.7 | -5.0 | 625.4 | -0.9 |
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 85.9 Mt in April 2024, down 7.2% on April 2023. India produced 12.1 Mt, up 3.6%. Japan produced 7.1 Mt, down 2.5%. The United States produced 6.7 Mt, down 2.8%. Russia is estimated to have produced 6.2 Mt, down 5.7%. South Korea produced 5.1 Mt, down 10.4%. Germany is estimated to have produced 3.4 Mt, up 6.4%. Türkiye produced 2.8 Mt, up 4.5%. Brazil is estimated to have produced 2.7 Mt, down 2.1%. Iran is estimated to have produced 2.7 Mt, down 12.3%.
Table 2. Top 10 steel-producing countries
| Apr 2024 (Mt) | % change Apr 24/23 | Jan-Apr 2024 (Mt) | % change Jan-Apr 24/23 | ||
| China | 85.9 | -7.2 | 343.7 | -3.0 | |
| India | 12.1 | 3.6 | 49.5 | 8.5 | |
| Japan | 7.1 | -2.5 | 28.5 | -1.2 | |
| United States | 6.7 | -2.8 | 26.5 | -2.2 | |
| Russia | 6.2 | e | -5.7 | 24.6 | -2.5 |
| South Korea | 5.1 | -10.4 | 21.2 | -5.1 | |
| Germany | 3.4 | e | 6.4 | 13.1 | 6.1 |
| Türkiye | 2.8 | 4.5 | 12.3 | 22.1 | |
| Brazil | 2.7 | e | -2.1 | 11.0 | 4.0 |
| Iran | 2.7 | e | -12.3 | 10.3 | 7.2 |
e – estimated. Ranking of top 10 producing countries is based on year-to-date aggregate
Steel News
- Spain's Celsa sells British and Norwegian steel mills to Sev.en GI
- Germany increased steel production by 7.7% m/m in October
- Global steel production increased by 5.3% m/m in October
Steel Export Market Prices
| Material | Price | Change |
|---|---|---|
| Stainless Seamless Pipe 304 108*4 mm | $ 2196.65 | 11.34 |
| Stainless Scrap 304 Solid | $ 1296.97 | -12.95 |
| Stainless Bar 321 60 mm | $ 2197.04 | -13.10 |
| Stainless Bar 304 60 mm | $ 1956.28 | -13.25 |
| Stainless HR Coil 304/No.1 6.0 mm | $ 1902.08 | -9.39 |