– Press release updated on 25 November 2024 –
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 1.0% 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%.
Table 1. Crude steel production by region
|
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 |
5.5 |
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 |
The 71 countries included in this table accounted for approximately 98% of total world crude steel production in 2023.
Regions and countries covered by the table:
- Africa: Algeria, Egypt, Libya, Morocco, South Africa, Tunisia
- Asia and Oceania: Australia, China, India, Japan, Mongolia, New Zealand, Pakistan, South Korea, Taiwan (China), Thailand, Viet Nam
- European Union (27): Austria, Belgium, Bulgaria, Croatia, Czechia, Finland, France, Germany, Greece, Hungary, Italy, Luxembourg, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden
- Europe, Other: Macedonia, Norway, Serbia, Türkiye, United Kingdom
- Middle East: Bahrain, Iran, Iraq, Jordan, Kuwait, Oman, Qatar, Saudi Arabia, United Arab Emirates, Yemen
- North America: Canada, Cuba, El Salvador, Guatemala, Mexico, United States
- Russia & other CIS + Ukraine: Belarus, Kazakhstan, Russia, Ukraine
- South America: Argentina, Brazil, Chile, Colombia, Ecuador, Paraguay, Peru, Uruguay, Venezuela
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 5.4 Mt, down 1.8%. 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%..
Table 2. Top 10 steel-producing countries
|
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 |
5.4 |
|
-1.8 |
53.1 |
-5.1 |
| Germany |
3.2 |
|
14.7 |
31.6 |
5.0 |
| Türkiye |
3.0 |
|
0.7 |
30.9 |
12.4 |
| Brazil |
3.1 |
|
16.2 |
28.4 |
6.0 |
| Iran |
3.0 |
|
-1.9 |
25.0 |
0.6 |
e – estimated. Ranking of top 10 producing countries is based on year-to-date aggregate
Notes to Editors:
- The World Steel Association (worldsteel) is one of the largest and most dynamic industry associations in the world, with members in every major steel-producing country. worldsteel represents steel producers, national and regional steel industry associations, and steel research institutes. Members represent around 85% of global steel production.
- worldsteel makes a limited set of data available free of charge via the Steel Data Viewer. A subscription with access to the iron and crude steel production data for all other countries is available for €1,545 via the worldsteel bookshop. This subscription includes access to 20 years of data in the Steel Statistical Yearbook. Please contact subscribers@worldsteel.org with any questions.
- Information on capacity can be found on the OECD website.