World crude steel production to decline in 2024
Back to News
Steel NewsJanuary 24, 20253 min read

World crude steel production to decline in 2024

Read For Me

Listen to this article

World crude steel production for the 71 countries reporting to the World Steel Association (worldsteel) was 144.5 million tonnes (Mt) in December 2024, a 5.6% increase compared to December 2023. Africa produced 1.9 Mt in December 2024, down 1.0% on December 2023. Asia and Oceania produced 106.3 Mt, up 9.0%. The EU (27) produced 9.6 Mt, up 7.2%. Europe, Other produced 3.3 Mt, down 14.3%. The Middle East produced 4.6 Mt, down 4.5%. North America produced 8.8 Mt, down 4.3%. Russia & other CIS + Ukraine produced 6.8 Mt, down 6.8%. South America produced 3.1 Mt, down 3.8%.

Crude steel production by region

Region

Dec 2024 (Mt)

% change Dec 24/23

Jan-Dec 2024 (Mt)

% change Jan-Dec 24/23

Africa

1.9

-1.0

22.3

1.0

Asia and Oceania

106.3

9.0

1,357.8

-1.0

EU (27)

9.6

7.2

129.5

2.6

Europe, Other

3.3

-14.3

43.2

3.4

Middle East

4.6

-4.5

54.1

0.5

North America

8.8

-4.3

105.9

-4.2

CIS

6.8

-6.8

84.8

-4.2

South America

3.1

-3.8

41.9

0.6

Total 71 countries

144.5

5.6

1,839.4

-0.9

China produced 76.0 Mt in December 2024, up 11.8% on December 2023. India produced 13.6 Mt, up 9.5%. Japan produced 6.9 Mt, down 1.1%. The United States produced 6.7 Mt, down 2.4%.

Russia is estimated to have produced 5.7 Mt, down 8.6%. South Korea produced 5.2 Mt, down 3.2%.

Germany produced 2.7 Mt, up 4.1%. Türkiye produced 3.0 Mt, down 7.6%. Brazil produced 2.6 Mt, up 1.8%. Iran produced 2.6 Mt, down 8.2%.

Top 10 steel-producing countries

Country

Dec 2024 (Mt)

% change Dec 24/23

Jan-Dec 2024 (Mt)

% change Jan-Dec 24/23

China

76.0

11.8

1,005.1

-1.7

India

13.6

9.5

149.6

6.3

Japan

6.9

-1.1

84.0

-3.4

United States

6.7

-2.4

79.5

-2.4

Russia

5.7

-8.6

70.7

-7.0

South Korea

5.2

-3.2

63.5

-4.7

Germany

2.7

4.1

37.2

5.2

Türkiye

3.0

-7.6

36.9

9.4

Brazil

2.6

1.8

33.7

5.3

Iran

2.6

-8.2

31.0

0.8

Share:

Categories

Browse all news

Related News