Global steel production increased by 5.3% m/m in October


World crude steel production for the 71 countries reporting to the World Steel Association (worldsteel) was 151.2 million tonnes (Mt) in October 2024, a 0.4% increase compared to October 2023.

Crude steel production by region

Africa produced 2.0 Mt in October 2024, down 0.4% on October 2023. Asia and Oceania produced 110.3 Mt, up 0.9%. The EU (27) produced 11.3 Mt, up 5.7%. Europe, Other produced 3.4 Mt, down 6.2%. The Middle East produced 5.0 Mt, up 5.4%. North America produced 8.8 Mt, down 3.6%. Russia & other CIS + Ukraine produced 6.7 Mt, down 12.2%. South America produced 3.8 Mt, up 7.2%.

Table 1. Crude steel production by region

 Oct 2024 (Mt)% change Oct 24/23Jan-Oct
2024 (Mt)
% change Jan-Oct 24/23
Africa2.0-0.418.61.9
Asia and Oceania110.30.91,142.7-2.1
EU (27)11.35.7109.32.1
Europe, Other3.4-6.236.56.3
Middle East5.05.444.11.3
North America8.8-3.688.8-3.8
Russia & other CIS + Ukraine6.7-12.271.4-3.8
South America3.87.235.31.2
Total 71 countries151.20.41,546.6-1.6

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 81.9 Mt in October 2024, up 2.9% on October 2023. India produced 12.5 Mt, up 1.7%. Japan produced 6.9 Mt, down 7.8%. The United States produced 6.6 Mt, down 2.0%. Russia is estimated to have produced 5.6 Mt, down 15.2%. South Korea produced 4.5 Mt, down 18.3%. Germany produced 3.2 Mt, up 14.7%. Türkiye produced 3.0 Mt, up 0.7%. Brazil produced 3.1 Mt, up 16.2%. Iran produced 3.0 Mt, down 1.9%.

Table 2. Top 10 steel-producing countries

  Oct 2024 (Mt) % change Oct 24/23Jan-Oct 2024 (Mt)% change Jan-Oct 24/23
China81.9 2.9850.7-3.0
India12.5 1.7123.05.6
Japan6.9 -7.870.2-3.7
United States6.6 -2.066.7-1.9
Russia5.6e-15.259.4-6.8
South Korea4.5 -18.352.3-6.4
Germany3.2 14.731.65.0
Türkiye3.0 0.730.912.4
Brazil3.1 16.228.46.0
Iran3.0 -1.925.00.6

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