World crude steel output down 0.8 percent in 2024

Friday, 24 January 2025 14:59:02 (GMT+3)   |   Istanbul

Global crude steel production in December last year increased by 5.6 percent year on year to 144.5 million mt, according to the World Steel Association (worldsteel).

In 2024, global crude steel production went down by 0.8 year on year to 1.88 billion mt.

In December, crude steel output in Asia amounted to 106.3 million mt, up 9.0 percent, with China’s output at 76.0 million mt, up 11.8 percent, with 6.9 million mt produced by Japan, decreasing by 1.1 percent, 13.6 million mt produced by India, up by 9.5 percent, and 5.2 million mt produced by South Korea, moving down by 3.2 percent - with all comparisons on year-on-year basis.

EU-27 countries produced 9.6 million mt of crude steel in December, up by 7.2 percent year on year. In the given period, Germany’s output amounted to 2.7 million mt, up 4.1 percent year on year.

Turkey produced 3.0 million mt of crude steel in December with a 7.6 percent decrease compared to the same month in 2023. The CIS registered a crude steel output of 6.8 million mt, decreasing by 6.8 percent on year-on-year basis, with Russia’s estimated output at 5.7 million mt, down 8.6 percent year on year.

In North America, in December, crude steel output totaled 8.8 million mt, down by 4.3 percent year on year, with the US producing 6.7 million mt, decreasing by 2.4 percent, both year on year. Crude steel output in South America in December amounted to 3.1 million mt, down by 3.8 percent compared to December 2023, with Brazil’s output totaling 2.6 million mt, rising by 1.8 percent year on year.

In the given month, Africa produced 1.9 million mt of crude steel, falling by 1.0 percent year on year. In the Middle East, crude steel output totaled 4.6 million mt, moving down by 4.5 percent.


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