In July this year, Ukrainian steelmakers increased steel production by 17.9% year-on-year to 709 thousand tons from 602 thousand tons, but decreased by 3.5% compared to the previous month, when they produced 735 thousand tons.
At the same time, Ukraine took 20th place in the ranking of 71 countries that are global producers of these products, compiled by the World Steel Association (Worldsteel).
According to Worldsteel, in July, most of the top ten countries, except China, Japan, Russia and South Korea, recorded an increase in steel production by July 2023.
The top ten steel producing countries in July are as follows: China (82.940 million tons, down 9% by July 2023), India (12.285 million tons, up 6.8%), Japan (7.1 million tons, down 3.8%), the United States (6.931 million tons, up 2.1%), the Russian Federation (6.250 million tons, down 3.1%), South Korea (5, 522 million tons, down 3.4%), Germany (3.1 million tons, up 4.8%), Turkey (3.055 million tons, up 4%), Brazil (also 3.055 million tons, up 11.6%) and Vietnam (1.927 million tons, up 17%).
In total, in July 2024, steel production decreased by 4.7% compared to the same period in 2023 to 152.849 million tons.
In January-July 2024, the top ten steel producing countries were as follows: China (613.720 million tons, down 2.2% compared to January-July 2023), India (86.372 million tons, up 7.2%), Japan (49.798 million tons, down 2.8%), the United States (46.854 million tons, down 1.8%), and the Russian Federation (43.082 million tons, minus 3%), South Korea (37.069 million tons, down 5.9%), Germany (22.460 million tons, up 4.5%), Turkey (21.670 million tons, up 14.9%), Brazil (19.4 million tons, up 3.3%) and Iran (18.416 million tons, up 2.9%).
Overall, in 7M2024, steel production decreased by 0.7% y-o-y to 1 billion 107.235 million tons.
At the same time, Ukraine produced 4.583 million tons of steel in 7M2024, up 33.6% from 3.430 million tons in 7M2023. The country ranks 20th in January-July.
As reported, in 2023, China produced 1 billion 19.080 million tons at the level of the previous year), India (140.171 million tons, +11.8%), Japan (86.996 million tons, -2.5%), the United States (80.664 million tons, +0.2%), Russia (75.8 million tons, +5.6%), South Korea (66.676 million tons, +1.3%), Germany (35.438 million tons, -3.9%), Turkey (33.714 million tons, -4%), Brazil (31.869 million tons, -6.5%) and Iran (31.139 million tons, +1.8%).
In total, 71 countries produced 1 billion 849.734 million tons of steel in 2023, which is 0.1% less than in 2022.
At the same time, Ukraine produced 6.228 million tons of steel in 2023, which is 0.6% lower than in 2022. The country was ranked 22nd in 2023.
In 2022, the top ten steel producing countries were as follows: China (1.013 billion tons, -2.1%), India (124.720 million tons, +5.5%), Japan (89.235 million tons, -7.4%), the United States (80.715 million tons, -5.9%), the Russian Federation (71.5 million tons, -7.2%), South Korea (65, 865 million tons, -6.5%), Germany (36.849 million tons, -8.4%), Turkey (35.134 million tons, -12.9%), Brazil (33.972 million tons, -5.8%) and Iran (30.593 million tons, +8%).
Ukraine ranked 23rd in 2022 with 6.263 million tons of steel produced (-70.7%).
In total, 64 countries produced 1 billion 831.467 million tons of steel in 2022, which is 4.3% less than in 2021.
