Steel production in the 71st country for the month amounted to 143.6 million tons

Global steel production in September 2024 fell by 4.7% compared to the same month in 2023 to 143.6 million tons. The figure fell by 0.8% compared to August. This is evidenced by the global ranking of 71 steel-producing countries by the World Steel Association.

Total steel production in the CIS+Ukraine fell by 7.6% over the month compared to September 2023 and by 2.9% m/m to 6.8 million tons, including Ukraine, which increased by 9.3% y/y and decreased by 11.7% m/m to 610 thousand tons.

The top ten steel-producing countries in September, according to World Steel, were:

China – 77.1 million tons (-6.1% y/y);

India – 11.7 million tons (-0.2%);

USA – 6.7 million tons (+1.2%);

Japan – 6.6 million tons (-5.8%);

Russian Federation – 5.6 million tons (-10.3%);

South Korea – 5.5 million tons (+1.3%);

Turkey – 3.1 million tons (+6.5%);

Germany – 3 million tons (+4.3%);

Brazil – 2.8 million tons (+9.9%);

Iran – 1.5 million tons (-41.2%).

In January-September 2024, global steel production decreased by 1.5% compared to the same period in 2023 – 1.39 billion tons. In the CIS+Ukraine region, the indicator fell by 2.5% y/y – up to 64.9 million tons. In particular, in 9 months, Ukraine increased steel production by 28.2% y/y – up to 5.88 million tons.