Time:   Pan Huining

July 2024 crude steel production

World crude steel production for the 71 countries reporting to the World Steel Association (worldsteel) was 152.8 million tonnes (Mt) in July 2024, a 4.7% decrease compared to July 2023.

Crude steel production by region

Africa produced 2.0 Mt in July 2024, up 4.0% on July 2023. Asia and Oceania produced 112.7 Mt, down 6.4%. The EU (27) produced 10.8 Mt, up 5.7%. Europe, Other produced 3.7 Mt, up 0.6%. The Middle East produced 3.7 Mt, down 10.1%. North America produced 8.8 Mt, down 2.4%. Russia & other CIS + Ukraine produced 7.5 Mt, down 0.8%. South America produced 3.7 Mt, up 6.0%.

Table 1. Crude steel production by region


Jul 2024 (Mt)% change Jul 24/23Jan-Jul
2024 (Mt)
% change Jan-Jul 24/23
Africa2.04.012.83.3
Asia and Oceania112.7-6.4820.0-1.2
EU (27)10.85.778.01.5
Europe, Other3.70.626.08.9
Middle East3.7-10.132.23.7
North America8.8-2.462.4-3.8
Russia & other CIS + Ukraine7.5-0.851.50.0
South America3.76.024.2-0.6
Total 71 countries152.8-4.71,107.2-0.7

Top 10 steel-producing countries

China produced 82.9 Mt in July 2024, down 9.0% on July 2023. India produced 12.3 Mt, up 6.8%. Japan produced 7.1 Mt, down 3.8%. The United States produced 6.9 Mt, up 2.1%. Russia is estimated to have produced 6.3 Mt, down 3.1%. South Korea produced 5.5 Mt, down 3.4%. Germany is estimated to have produced 3.1 Mt, up 4.8%. Türkiye produced 3.1 Mt, up 4.0%. Brazil produced 3.1 Mt, up 11.6%. Iran produced 1.8 Mt, down 18.7%.

Table 2. Top 10 steel-producing countries


Jul 2024 (Mt)
% change Jul 24/23Jan-Jul 2024 (Mt)% change Jan-Jul 24/23
China82.9
-9.0613.7-2.2
India12.3
6.886.47.2
Japan7.1
-3.849.8-2.8
United States6.9
2.146.9-1.8
Russia6.3e-3.143.1-3.0
South Korea5.5
-3.437.1-5.9
Germany3.1e4.822.54.5
Türkiye3.1
4.021.714.9
Brazil3.1
11.619.43.3
Iran1.8
-18.718.42.9

e – estimated. Ranking of top 10 producing countries is based on year-to-date aggregate


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