In May 2025, Ukrainian steelmakers reduced steel production by 13.8% compared to the same period in 2024, to 636 thousand tons from 738 thousand tons, and by 8.1% compared to the previous month, when they produced 692 thousand tons.
Ukraine ranked 21st among 70 countries in the World Steel Association’s ranking of global producers of these products.
According to Worldsteel, in May 2025, steel production declined compared to May 2024 in most of the top ten countries, except for India, the United States, Iran and Brazil.
The top ten steel producing countries in May are as follows: China – 86.550 million tons (“minus” 6.9 by May 2024), India – 13.542 million tons (+9.7%), the United States – 6.985 million tons (+1.7%), Japan – 6.833 million tons (-4.7%), and the Russian Federation – 5.8 million tons (-6.9%), South Korea – 5.080 million tons (-1.7%), Iran – 3.4 million tons (+4.5%), Turkey – 3.148 million tons (-2.8%), Germany – 2.983 million tons (-6.4%) and Brazil – 2.706 million tons (+5%).
Overall, in May this year, steel production decreased by 3.8% year-on-year to 158.775 million tons.
The top ten steel-producing countries for the first five months of this year are as follows: China – 431.630 million tons (-1.7% compared to January-May 2024), India – 67.224 million tons (+8.2%), Japan – 33.832 million tons (-5.2%), the United States – 33.388 million tons (+0.3%), and the Russian Federation – 29.178 million tons (-5.2%), South Korea – 25.585 million tons (-3%), Turkey – 15.414 million tons (-1.4%), Germany – 14.429 million tons (-10.8%), Iran – 14.002 million tons (-5.3%) and Brazil – 13.662 million tons (+0.7%).
Ukraine’s steelmakers reduced steel production by 2.5% year-on-year to 3.061 million tons from 3.139 million tons in the first five months of this year, ranking the country 22nd.
In January-May 2025, global steel production decreased by 1.3% compared to the same period in 2024 to 783.960 million tons.
As reported, in 2024, the top ten steel producing countries among 71 countries were as follows: China – 1 billion 5.090 million tons (-1.7%), India – 149.587 million tons (+6.3%), Japan – 84.009 million tons (-3.4%), the United States – 79.452 million tons (-2.4%), the Russian Federation – 70.690 million tons (-7%), South Korea – 63, 531 million tons (-4.7%), Germany – 37.234 million tons (+5.2%), Turkey – 36.893 million tons (+9.4%), Brazil – 33.741 million tons (+5.3%) and Iran – 30.952 million tons (+0.8%).
In total, 71 countries produced 1 billion 839.449 million tons of steel last year, which is 0.9% less than in 2023.
At the same time, Ukraine produced 7.575 million tons of steel in 2024, up 21.6% from 6.228 million tons in 2023. The country was ranked 20th in 2024.
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%), the Russian Federation – 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.
