World crude steel production declined by 6.5% during August 2024
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Steel NewsSeptember 30, 20243 min read

World crude steel production declined by 6.5% during August 2024

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World crude steel production for the 71 countries reporting to the World Steel Association (worldsteel) was 144.8 million tonnes (Mt) in August 2024, a 6.5% decrease compared to August 2023.

Africa produced 1.9 Mt in August 2024, down 7.2% on August 2023. Asia and Oceania produced 107.1 Mt, down 8.0%. The EU (27) produced 9.1 Mt, up 2.2%. Europe, Other produced 3.7 Mt, up 8.4%. The Middle East produced 3.4 Mt, down 3.2%. North America produced 9.0 Mt, down 3.8%. Russia & other CIS + Ukraine produced 7.0 Mt, down 8.7%. South America produced 3.6 Mt, up 0.8%.

Crude steel production by region

Aug 2024 (Mt)

% change Aug 24/23

Jan-Aug 2024 (Mt)

% change Jan-Aug 24/23

Africa

1.9

-7.2

14.7

1.9

Asia and Oceania

107.1

-8.0

926.7

-2.2

EU (27)

9.1

2.2

87.2

1.5

Europe, Other

3.7

8.4

29.6

8.4

Middle East

3.4

-3.2

35.5

3.0

North America

9.0

-3.8

71.4

-3.9

Russia & other CIS + Ukraine

7.0

-8.7

58.1

-1.8

South America

3.6

0.8

27.9

-0.4

Total

144.8

-6.5

1,251.1

-1.5

China produced 77.9 Mt in August 2024, down 10.4% on August 2023. India produced 12.3 Mt, up 2.6%. Japan produced 6.9 Mt, down 3.9%. The United States produced 7.0 Mt, up 0.7%. Russia is estimated to have produced 5.8 Mt, down 11.5%. South Korea produced 5.5 Mt, down 2.2%. Germany produced 2.9 Mt, down 0.5%. Türkiye produced 3.1 Mt, up 13.8%. Brazil produced 3.0 Mt, up 7.3%. Iran produced 1.4 Mt, down 9.9%.

Top 10 steel-producing countries

Aug 2024 (Mt)

% change Aug 24/23

Jan-Aug 2024 (Mt)

% change Jan-Aug 24/23

China

77.9

-10.4

691.4

-3.3

India

12.3

2.6

98.5

6.5

Japan

6.9

-3.9

56.7

-2.9

United States

7.0

0.7

53.8

-1.7

Russia

5.8 e

-11.5

48.5

-4.9

South Korea

5.5

-2.2

42.5

-5.5

Germany

2.9

0.5

25.4

4.0

Türkiye

3.1

13.8

24.8

14.8

Brazil

3.0

7.3

22.4

3.8

Iran

1.4

-9.9

19.8

1.9

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