The Zhitong Finance App learned that on February 26, the World Steel Association announced the global crude steel production volume for January 2024. According to the data, in January 2024, the world's crude steel production in 71 countries included in the World Steel Association statistics was 148.1 million tons, a year-on-year decrease of 1.6%.

Crude steel production by region

In January 2024, crude steel production in Africa was 2 million tons, up 16.3% year on year; crude steel production in Asia and Oceania was 107.6 million tons, down 3.6% year on year; European Union (27 countries) crude steel production was 10.2 million tons, down 1.8% year on year; crude steel production in other European countries was 3.9 million tons, up 22.5% year on year; crude steel production in the Middle East was 4.7 million tons, up 23.1% year on year; crude steel production in Russia and other CIS countries+Ukraine was 7.2 million tons, up year on year. 4.0%; South American crude steel production was 3.4 million tons, a year-on-year decrease of 6.3%.

Table 1: Crude steel production by region

The above regions include data submitted by 71 steel-producing countries, and their 2022 production accounts for 98% of global crude steel production.

Africa: Algeria, Egypt, Libya, Morocco, South Africa, Tunisia

Asia and Oceania: Australia, China, India, Japan, Mongolia, New Zealand, Pakistan, South Korea, Taiwan, Thailand, Vietnam

EU (27 countries): Austria, Belgium, Bulgaria, Croatia, Czech Republic, Finland, France, Germany, Greece, Hungary, Italy, Luxembourg, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden

Other European countries: Macedonia, Norway, Serbia, Turkey, United Kingdom

Middle East: Bahrain, Iran, Iraq, Jordan, Kuwait, Oman, Qatar, Saudi Arabia, UAE, Yemen

North America: Canada, Cuba, El Salvador, Guatemala, Mexico, United States

Russia and other CIS countries+Ukraine: Belarus, Kazakhstan, Russia, Ukraine

South America: Argentina, Brazil, Chile, Colombia, Ecuador, Paraguay, Peru, Uruguay, Venezuela

Top ten countries for crude steel production

In January 2024, China's crude steel production is estimated to be 77.24 million tons, down 6.9% year on year; India's crude steel production is 12.5 million tons, up 7.3% year on year; Japan's crude steel production is 7.3 million tons, up 0.6% year on year; US crude steel production is 6.8 million tons, down 0.3% year on year; Russian crude steel production is 6.2 million tons, up 1.2% year on year; Korea's crude steel production is 5.7 million tons, up 24.7% year on year; Germany's crude steel production is estimated to be 2.9 million tons, up 24.7% year on year; Germany's crude steel production is estimated to be 2.9 million tons, up 24.7% year on year; Germany's crude steel production is estimated to be 2.9 million tons, up 24.7% year on year 0.9%; Iran's crude steel production was 2.6 million tons, up 39.3% year on year; Brazil's crude steel production is estimated at 2.5 million tons, down 7.2% year on year.

Table 2: Top 10 Countries for Crude Steel Production

e - estimated value. The ranking is based on cumulative crude steel production this year.