World crude steel production increased by 1% in October 2024
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Economic newsNovember 25, 20243 min read

World crude steel production increased by 1% in October 2024

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World crude steel production for the 71 countries reporting to the World Steel Association (worldsteel) was 152.1 million tonnes (Mt) in October 2024, a 1 % 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 111.3 Mt, up 1.7%. The EU (27) produced 11.3 Mt, up 5.5%. 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%.

Oct 2024 (Mt)

% change Oct 24/23

Jan-Oct 2024 (Mt)

% change Jan-Oct 24/23

Africa

2.0

-0.4

18.6

1.9

Asia and Oceania

111.3

1.7

1,143.5

-2.1

EU (27)

11.3

1.7

109.3

2.1

Europe, Other

3.4

-6.2

36.5

6.3

Middle East

5.0

5.4

44.1

1.3

North America

8.8

-3.6

88.8

-3.8

Russia & other CIS + Ukraine

6.7

-12.2

71.4

-3.8

South America

3.8

7.2

35.3

1.2

Total 71 countries

152.1

1.0

1,547.3

-1.6

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%.

Oct 2024 (Mt)

% change Oct 24/23

Jan-Oct 2024 (Mt)

% change Jan-Oct 24/23

China

81.9

2.9

850.7

-3.0

India

12.5

1.7

123.0

5.6

Japan

6.9

-7.8

70.2

-3.7

United States

6.6

-2.0

66.7

-1.9

Russia

5.6

e

-15.2

59.4

-6.8

South Korea

4.5

-18.3

52.3

-6.4

Germany

3.2

14.7

31.6

5.0

Türkiye

3.0

0.7

30.9

12.4

Bazil

3.1

16.2

28.4

6.0

Iran

3.0

-1.9

25.0

0.6

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