Business news from Ukraine

Business news from Ukraine

China is undisputed leader in steel production in January-August 2024

24 September , 2024  

According to Worldsteel, August saw an increase in steel production compared to August 2023 in most of the top ten countries, except for China, Japan, Russia and South Korea.

The top ten steel producing countries in August are as follows: China (77.920 million tons, down 10.4% by August 2023), India (12.285 million tons, up 2.6%), the United States (7.048 million tons, up 0.7%), Japan (6.870 million tons, down 3.9%), and the Russian Federation (5.8 million tons, down 11.5%), South Korea (5.465 million tons, down 2.2%), Turkey (3.146 million tons, up 13.8%), Brazil (2.963 million tons, up 7.3%), Germany (2.874 million tons, up 0.5%) and Vietnam (1.793 million tons, up 1.5%).
In August, Ukraine increased steel production by 15% compared to August 2023, retaining its 20th place in the Worldsteel ranking.
In total, in August 2024, steel production decreased by 6.5% compared to the same period in 2023 to 144.834 million tons.

In January-August 2014, the top ten steel-producing countries were as follows: China (691.410 million tons, down 3.3% compared to January-August 2023), India (98.522 million tons, up 6.5%), Japan (56.665 million tons, down 2.9%), the United States (53.785 million tons, down 1.7%), the Russian Federation (48.469 million tons, minus 4.9%), South Korea (42.509 million tons, down 5.5%), Germany (25.378 million tons, up 4%). million tons, up 4%), Turkey (24.816 million tons, up 14.8%), Brazil (22.363 million tons, up 3.8%) and Iran (19.784 million tons, up 1.9%).

 

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