World crude steel production down 4.7% in July 2024
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Steel NewsAugust 22, 20243 min read

World crude steel production down 4.7% in July 2024

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World crude steel production for the 71 countries reporting to the World Steel Association (worldsteel) was 152.8 million tonnes (Mt) in July 2024, a 4.7% decrease compared to July 2023. Africa produced 2.0 Mt in July 2024, up 4.0% on July 2023. Asia and Oceania produced 112.7 Mt, down 6.4%. The EU (27) produced 10.8 Mt, up 5.7%. Europe, Other produced 3.7 Mt, up 0.6%. The Middle East produced 3.7 Mt, down 10.1%. North America produced 8.8 Mt, down 2.4%. Russia & other CIS + Ukraine produced 7.5 Mt, down 0.8%. South America produced 3.7 Mt, up 6.0%.

Crude steel production by region

region

Jul 2024 (Mt)

% change Jul 24/23

Jan-Jul 2024 (Mt)

% change Jul 24/23

Africa

2.0

4.0

12.8

3.3

Asia and Oceania

112.7

-6.4

820

-1.2

EU (27)

10.8

5.7

78.0

1.5

Europe, Other

3.7

0.6

26.0

8.9

Middle East

3.7

-10.1

32.2

3.7

North America

8.8

-2.4

62.4

-3.8

CIS

7.5

-0.8

51.5

0

South America

3.7

6.0

24.2

-0.6

Total

152.8

-4.7

1,107.20

-0.7

China produced 82.9 Mt in July 2024, down 9.0% on July 2023. India produced 12.3 Mt, up 6.8%. Japan produced 7.1 Mt, down 3.8%. The United States produced 6.9 Mt, up 2.1%. Russia is estimated to have produced 6.3 Mt, down 3.1%. South Korea produced 5.5 Mt, down 3.4%. Germany is estimated to have produced 3.1 Mt, up 4.8%. Türkiye produced 3.1 Mt, up 4.0%. Brazil produced 3.1 Mt, up 11.6%. Iran produced 1.8 Mt, down 18.7%.

Top 10 steel-producing countries

الدولة

Jul 2024 (Mt)

% change Jul 24/23

Jan-Jul 2024 (Mt)

% change Jul 24/23

China

82.9

-9.0

613.7

-2.2

India

12.3

6.8

86.4

7.2

Japan

7.1

-3.8

49.8

-2.8

United States

6.9

2.1

46.9

-1.8

Russia

6.3

-3.1

43.1

-3.0

South Korea

5.5

-3.4

37.1

-5.9

Germany

3.1

4.8

22.5

4.5

Türkiye

3.1

4.0

21.7

14.9

Brazil

3.1

11.6

19.4

3.3

Iran

1.8

-18.7

18.4

2.9

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