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 24/23Jan-Mar
2024 (Mt)
% change Jan-Mar 24/23
Africa1.91.15.68.3
Asia and Oceania118.3-5.8345.9-0.4
EU (27)11.6-4.333.0-1.4
Europe, Other3.911.011.320.5
Middle East4.84.013.712.1
North America9.5-1.427.2-1.9
Russia & other CIS + Ukraine7.81.521.81.6
South America3.5-0.210.63.2
Total 71 countries161.2-4.3469.10.5

 

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 24/23Jan-Mar 2024 (Mt)% change Jan-Mar 24/23
China88.3 -7.8256.6-1.9
India12.7 7.837.39.7
Japan7.2 -3.921.5-0.8
United States6.9 0.019.9-1.6
Russia6.6e0.818.7-0.2
South Korea5.3 -9.516.2-2.5
Germany3.5 8.49.76.0
Türkiye3.2 18.09.528.4
Brazil2.8 5.68.36.2
Iran2.8 2.07.616.3

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