November 2024 crude steel production
World crude steel production for the 71 countries reporting to the World Steel Association (worldsteel) was 146.8 million tonnes (Mt) in November 2024, a 0.8% increase compared to November 2023.
Crude steel production by region
Africa produced 1.8 Mt in November 2024, down 5.0% on November 2023. Asia and Oceania produced 107.4 Mt, up 2.0%. The EU (27) produced 10.7 Mt, up 3.9%. Europe, Other produced 3.4 Mt, down 5.5%. The Middle East produced 5.1 Mt, up 2.7%. North America produced 8.5 Mt, down 5.2%. Russia & other CIS + Ukraine produced 6.5 Mt, down 7.8%. South America produced 3.4 Mt, down 3.4%.
Table 1. Crude steel production by region
| Nov 2024 (Mt) | % change Nov 24/23 | Jan-Nov 2024 (Mt) | % change Jan-Nov 24/23 | |
| Africa | 1.8 | -5.0 | 20.4 | 1.3 |
| Asia and Oceania | 107.4 | 2.0 | 1,251.5 | -1.8 |
| EU (27) | 10.7 | 3.9 | 119.9 | 2.2 |
| Europe, Other | 3.4 | -5.5 | 39.9 | 5.2 |
| Middle East | 5.1 | 2.7 | 49.2 | 1.4 |
| North America | 8.5 | -5.2 | 97.1 | -4.1 |
| Russia & other CIS + Ukraine | 6.5 | -7.8 | 77.9 | -4.1 |
| South America | 3.4 | -3.4 | 38.8 | 0.9 |
| Total 71 countries | 146.8 | 0.8 | 1,694.6 | -1.4 |
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 78.4 Mt in November 2024, up 2.5% on November 2023. India produced 12.4 Mt, up 4.5%. Japan produced 6.9 Mt, down 3.1%. The United States produced 6.4 Mt, down 2.8%. Russia is estimated to have produced 5.5 Mt, down 9.2%. South Korea produced 5.2 Mt, down 3.6%. Germany produced 2.9 Mt, up 8.6%. Türkiye produced 3.0 Mt, up 0.7%. Brazil produced 2.8 Mt, up 1.9%. Iran produced 3.1 Mt, up 0.1%.
Table 2. Top 10 steel-producing countries
| Nov 2024 (Mt) | % change Nov 24/23 | Jan-Nov 2024 (Mt) | % change Jan-Nov 24/23 | ||
| China | 78.4 | 2.5 | 929.2 | -2.7 | |
| India | 12.4 | 4.5 | 135.9 | 5.9 | |
| Japan | 6.9 | -3.1 | 77.1 | -3.6 | |
| United States | 6.4 | -2.8 | 72.9 | -2.2 | |
| Russia | 5.5 | e | -9.2 | 64.9 | -7.0 |
| South Korea | 5.2 | -3.6 | 58.3 | -4.9 | |
| Germany | 2.9 | 8.6 | 34.5 | 5.3 | |
| Türkiye | 3.0 | 0.7 | 33.9 | 11.2 | |
| Brazil | 2.8 | 1.9 | 31.2 | 5.6 | |
| Iran | 3.1 | 0.1 | 28.0 | 0.5 |
e – estimated. Ranking of top 10 producing countries is based on year-to-date aggregate
Press Release
- worldsteel Short Range Outlook October 2024
- United States Steel’s Board of Directors “Corrects the Record” on Transaction with Nippon Steel
- Latin America Steel Bar Market Standing Strong with Projection to Hit Valuation of USD 16,360.0 Million By 2032: Astute Analytica
- U. S. Steel Issues 3rd Annual Diversity, Equity and Inclusion Report
- Nucor Introduces New Hot-Rolled Coil Spot Pricing
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 |