Business news from Ukraine

Business news from Ukraine

World’s largest steel producers (February 2025)

26 March , 2025  

In February, global steel production decreased by 3.4% (to 144.7 million tons). The top ten largest producers saw a decline in volumes, except for India (+6.3%) and South Korea (+0.7%).

Top 10 steel producing countries in February 2025:

China – 78.92 million tons (-3.3%)

India – 12.66 million tons (+6.3%)

Japan – 6.4 million tons (-8.5%)

USA – 6.03 million tons (-7%)

Russia – 5.8 million tons (-3.4%)

South Korea – 5.15 million tons (+0.7%)

Turkey – 2.92 million tons (-5.6%)

Brazil – 2.72 million tons (-1.6%)

Germany – 2.7 million tons (-13.5%)

Italy – 1.81 million tons (-0.6%)

Overall, in January-February 2025, global steel production amounted to 301.96 million tons, down 2.2% compared to the same period in 2024.

The full dynamics of steel production by the top twenty countries of the world is available on the Experts Club YouTube channel – https://youtube.com/shorts/VgUU9MEMosE?si=BMOo_LS734dXysdj

 

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