The top ten steel-producing countries at the end of February are as follows: China (81.181 million tons, up 3.5% on Jan-Feb-2023), India (11.799 million tons, up 11.4%), Japan (6.989 million tons, up 1.1%), USA (6.453 million tons, down 1.2%), Russia (5.7 million tons, down 4, 4%), South Korea (5.128 million tons, down 1.5%), Germany (3.124 million tons, up 4.4%), Turkey (3.084 million tons, up 46.6%), Brazil (2.779 million tons, up 13.1%), and Iran (2.239 million tons, up 14.3%).
Cumulatively, steelmaking in February 2024 increased by 3.7% y-o-y to 148.838 million tons in 2023.
In January-February 2024, the top ten steel-producing countries are as follows: China (167.960 million tons, up 1.6% on Jan-Feb-2023), India (24.469 million tons, up 10%), Japan (14.253 million tons, up 0.8%), USA (12.998 million tons, down 2.6%), Russia (11.738 million tons, down 3, 2%), South Korea (10.849 million tons, up 0.2%), Turkey (6.332 million tons, up 34.5%), Germany (6.194 million tons, up 4.6%), Iran (4.842 million tons, up 26.5%) and Brazil (5.506 million tons, up 6.4%).
Overall, in 2M-2024, steelmaking increased by 3% y-o-y to 306.883 million tons.
Ukraine produced 1.076 million tons of steel in 2M-2024, which is 52% higher than in the same period of 2023 (708 thousand tons in 2M-2023). The country is ranked 21st in 2M-2024.
As reported, for 2023 China produced 1 billion 19.080 mln tons at the level of the previous year), India (140.171 mln tons, +11.8%), Japan (86.996 mln tons, -2.5%), USA (80.664 mln 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, 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 the volumes for 2022. The country is in 22nd place for 2023.
In total, 64 countries produced 1 billion 831.467 million tons of steel in 2022, 4.3% less than in 2021.
