World’s crude steel production increased by 1.5% in May 2024
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Steel NewsJune 21, 20243 min read

World’s crude steel production increased by 1.5% in May 2024

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World crude steel production for the 71 countries reporting to the World Steel Association (worldsteel) was 165.1 million tonnes (Mt) in May 2024, a 1.5% increase compared to May 2023. Africa produced 1.8 Mt in May 2024, up 0.9% on May 2023. Asia and Oceania produced 122.1 Mt, up 1.6%. The EU (27) produced 11.7 Mt, up 1.8%. Europe, Other produced 3.9 Mt, up 6.2%. The Middle East produced 5.2 Mt, up 4.6%. North America produced 9.4 Mt, down 0.9%. Russia & other CIS + Ukraine produced 7.7 Mt, up 2.8%. South America produced 3.3 Mt, down 8.2%.

Crude steel production by region

Area

May 2024 (Mt)

% change May 24/23

Jan-May 2024 (Mt)

% change Jan-May 24/23

Africa

1.8

0.9

9.2

5.4

Asia and Oceania

122.1

1.6

586.2

-0.6

EU (27)

11.7

1.8

56.1

-0.1

Europe, Other

3.9

6.2

18.6

12.4

Middle East

5.2

4.6

24

7.7

North America

9.4

-0.9

45.2

-3

CIS

7.7

2.8

36.7

0.1

South America

3.3

-8.2

17.3

-1.4

Total

165.1

1.5

793.2

-0.1

China produced 92.9 Mt in May 2024, up 2.7% on May 2023. India produced 12.2 Mt, up 3.5%. Japan produced 7.2 Mt, down 6.3%. The United States produced 6.9 Mt, down 1.5%. Russia is estimated to have produced 6.3 Mt, down 0.9%. South Korea produced 5.2 Mt, down 10.9%. Germany produced 3.2 Mt, down 1.9%. Türkiye produced 3.2 Mt, up 11.6%. Iran produced 3.3 Mt, up 2.1%. Brazil produced 2.6 Mt, down 7.4%.

Top 10 steel-producing countries

Country

May 2024 (Mt)

% change May 24/23

Jan-May 2024 (Mt)

% change Jan-May 24/23

China

92.9

2.7

438.6

-1.4

India

12.2

3.5

61.9

7.7

Japan

7.2

-6.3

35.7

-2.3

United States

6.9

-1.5

33.4

-2.4

Russia

6.3

-0.9

30.9

-2.5

South Korea

5.2

-10.9

26.4

-6.3

Germany

3.2

-1.9

16.2

3.7

Türkiye

3.2

11.6

15.5

19.8

Iran

3.3

2.1

14

9.1

Brazil

2.6

-7.4

13.6

0.6

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