SteelMatters – November 2024
The November 2024 issue of Steel Matters highlights the South African steel industry's challenges, collaborative strategies, trade statistics, and impactful community upliftment initiatives.
Global crude steel production for October flat year-on-year
- Published November 22, 2022
World crude steel production for the 64 countries reporting to the World Steel Association
(worldsteel) was 147.3 million tonnes (Mt) in October 2022, unchanged compared to
October 2021.
Source: Worldsteel Association
Africa produced 1.4 Mt in October 2022, up 2.3% on October 2021. Asia and Oceania produced
107.3 Mt, up 5.8%. The EU (27) produced 11.3 Mt, down 17.5%. Europe, Other produced 3.7 Mt,
down 15.8%. The Middle East produced 4.0 Mt, up 6.7%. North America produced 9.2 Mt, down 7.7%. Russia & other CIS + Ukraine produced 6.7 Mt, down 23.7%. South America produced 3.7 Mt, down 3.2%.
China produced 79.8 Mt in October 2022, up 11.0% on October 2021. India produced 10.5 Mt, up 2.7%. Japan produced 7.3 Mt, down 10.6%. The United States produced 6.7 Mt, down 8.9%. Russia is estimated to have produced 5.8 Mt, down 11.5%. South Korea produced 5.1 Mt, down 12.1%.Germany produced 3.1 Mt, down 14.4%. Türkiye produced 2.9 Mt, down 17.8%. Brazil is estimated to have produced 2.8 Mt, down 4.5%. Iran produced 2.9 Mt, up 3.5%.
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SteelMatters – OCTOBER 2024
This month, explore Steel Market Outlook: worsening as demand and consumption decline amid high import shares, crude steel production , trade trends, and international prices.
