World crude steel production declined in December
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Steel NewsJanuary 25, 20243 min read

World crude steel production declined in December

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World crude steel production for the 71 countries reporting to the World Steel Association (worldsteel) was 135.7 million tonnes (Mt) in December 2023, a 5.3% decrease compared to December 2022. Africa produced 1.9 Mt in December 2023, up 17.7% on December 2022. Asia and Oceania produced 96.4 Mt, down 9.7%. The EU (27) produced 9.1 Mt, up 2.7%. Europe, Other produced 3.9 Mt, up 19.4%. The Middle East produced 4.9 Mt, up 9.6%. North America produced 9.3 Mt, up 5.3%. Russia & other CIS + Ukraine produced 7.1 Mt, up 11.8%. South America produced 3.2 Mt, down 3.2%.

Crude steel production by region

Area

Dec 2023 (Mt)

% change Dec 23/22

Jan-Dec 2023 (Mt)

% change 23/22

Africa

1.9

17.7

22.0

5.7

Asia and Oceania

96.4

-9.7

1,367.2

0.7

EU (27)

9.1

2.7

126.3

-7.4

Europe, Other

3.9

19.4

41.7

-4.6

Middle East

4.9

9.6

53.2

1.3

North America

9.3

5.3

109.6

-1.7

CIS

7.1

11.8

88.1

4.5

South America

3.2

-3.2

41.5

-5.7

Total

135.7

-5.3

1,849.7

-0.1

At the level of Arab countries, Egypt topped the Arab countries’ production in December 2023, producing 941 thousand tons, an increase of 22.5%. Followed by Saudi Arabia, with a production of 889 thousand tons, an increase of 4.6%. Algeria came in third place, producing 380,000 tons, an increase of 7.3%. Egypt ranked 18th in the world with a production of 10.4 million tons, two places ahead of last year. Saudi Arabia ranked 20th in the world with a production of 9.9 million tons, Algeria ranked 35th in the world with a production of 4.4 million tons, and the UAE ranked 40th in the world with a production of 3.2 million tons. At the level of the Arab countries’ total production in 2023, it increased by 2.2%, with a production of 39.2 million tons, compared to the production in 2022, which amounted to 38.4 million tons.

Arab countries’ production of crude steel

Coubtry

Dec 2023 (Mt)

% change Dec 23/22

Jan-Dec 2023 (Mt)

% change 23/22

Egypt

941

22.5%

10,354

5.4%

Algeria

380

7.3%

4,421

2.8%

Morocco

115

-8.0%

1,397

-9.9%

Tunisia

5

-18.0%

70

-7.3%

Libya

99

24.1%

902

31.2%

Saudi Arabia

899

4.6%

9,940

0.8%

UAE

315

15.0%

3,235

0.8%

Oman

220

31.7%

2,420

21.0%

Qatar

105

7.2%

1,146

6.0%

Bahrain

95

0.0%

1,186

1.4%

Kuwait

85

9.0%

1,000

11.1%

Jordan

25

-13.8%

300

-14.3%

Iraq

240

-11.1%

2,755

-16.5%

Yemen

8

60.0%

100

66.7%

Total

3,533

10.1%

39,227

2.2%

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World crude steel production declined in December - Arab Iron and Steel Union