World crude steel production for the 71 countries reporting to the World Steel Association (worldsteel) was 148.8 million tonnes (Mt) in February 2024, a 3.7% increase compared to February 2023. Africa produced 1.8 Mt in February 2024, up 8.1% on February 2023. Asia and Oceania produced 109.7 Mt, up 3.9%. The EU (27) produced 10.6 Mt, down 3.3%. Europe, Other produced 3.7 Mt, up 32.5%. The Middle East produced 4.2 Mt, up 10.8%. North America produced 8.7 Mt, down 1.3%. Russia & other CIS + Ukraine produced 6.7 Mt, down 2.5%. South America produced 3.5 Mt, up 10.5%.
Crude steel production by region
Area | Feb 2024 (Mt) | % change Feb 24/23 | Jan-Feb 2024 (Mt) | % change 24/23 |
Africa | 1.8 | 8.1 | 3.7 | 12.3 |
Asia and Oceania | 109.7 | 3.9 | 227.1 | 2.7 |
EU (27) | 10.6 | -3.3 | 21.1 | -0.9 |
Europe, Other | 3.7 | 32.5 | 7.6 | 27.2 |
Middle East | 4.2 | 10.8 | 8.9 | 17 |
North America | 8.7 | -1.3 | 17.7 | -2.2 |
CIS | 6.7 | -2.5 | 13.7 | -0.7 |
South America | 3.5 | 10.5 | 7.1 | 4.8 |
Total | 148.8 | 3.7 | 306.9 | 3 |
At the level of Arab countries, Saudi Arabia topped the production of Arab countries in February 2024, with a production of 867.8 tonnes, an increase of 13.9% over the production of February 2023, followed by Egypt with a production of 839.8 thousand tonnes, an increase of 19.1% over the same month. Algeria came in third place with a production of 320 thousand tonnes, a decrease of 13.5% compared to February 2023, followed by the UAE in fourth place with a production of 307 thousand tonnes, a decrease of 0.2% compared to the same month last year. At the level of the total production of the Arab countries in the months of January-February 2024, it reached 6942.8 thousand tonnes, an increase of 8.5% compared to the production of the months of January-February 2023.
Arab countries’ production of crude steel
Country | Feb – 24 (thousand tons) | % change Feb 24/23 | Jan-Feb 2024 (thousand tons) | % change 24/23 |
Egypt | 839.8 | 19.1 | 1,819.8 | 20 |
Algeria | 320.0 | -13.5 | 695.0 | -6.2 |
Morocco | 110.0 | -4.3 | 230.0 | 0 |
Tunisia | 5.0 | -32.4 | 10.0 | -35.1 |
Libya | 67.7 | -8.7 | 169.9 | 11.6 |
Saudi Arabia | 867.8 | 13.9 | 1,769.3 | 10.9 |
UAE | 307.0 | -0.2 | 652.6 | 3.5 |
Oman | 235.0 | 20.5 | 485.0 | 19.8 |
Qatar | 95.0 | 7.9 | 199.2 | 8.3 |
Bahrain | 95.0 | -4 | 195.0 | -0.5 |
Kuwait | 80.0 | -2.4 | 163.0 | -1.8 |
Jordan | 25.0 | 4.2 | 50.0 | 4.2 |
Iraq | 235.0 | -7.8 | 485.0 | -4 |
Yemen | 9.0 | 12.5 | 19.0 | 18.8 |
Total | 3,291.3 | 6.5 | 6,942.8 | 8.5 |