Air Freight News

January 2024 crude steel production

Feb 23, 2024

World crude steel production for the 71 countries reporting to the World Steel Association (worldsteel) was 148.1 million tonnes (Mt) in January 2024, a 1.6% decrease compared to January 2023.

End of interactive chart.

Crude steel production by region

Africa produced 2.0 Mt in January 2024, up 16.3% on January 2023. Asia and Oceania produced 107.6 Mt, down 3.6%. The EU (27) produced 10.2 Mt, down 1.8%. Europe, Other produced 3.9 Mt, up 22.5%. The Middle East produced 4.7 Mt, up 23.1%. North America produced 9.2 Mt, down 2.1%. Russia & other CIS + Ukraine produced 7.2 Mt, up 4.0%. South America produced 3.4 Mt, down 6.3%.

Table 1. Crude steel production by region

Jan 2024 (Mt)% change Jan 24/23Jan-Jan
2024 (Mt)
% change Jan-Jan 24/23
Africa2.016.32.016.3
Asia and Oceania107.6-3.6107.6-3.6
EU (27)10.2-1.810.2-1.8
Europe, Other3.922.53.922.5
Middle East4.723.14.723.1
North America9.2-2.19.2-2.1
Russia & other CIS + Ukraine7.24.07.24.0
South America3.4-6.33.4-6.3
Total 71 countries148.1-1.6148.1-1.6

The 71 countries included in this table accounted for approximately 98% of total world crude steel production in 2023.

Regions and countries covered by the table:

  • Africa: Algeria, Egypt, Libya, Morocco, South Africa, Tunisia
  • Asia and Oceania: Australia, China, India, Japan, Mongolia, New Zealand, Pakistan, South Korea, Taiwan (China), Thailand, Viet Nam
  • European Union (27): Austria, Belgium, Bulgaria, Croatia, Czechia, Finland, France, Germany, Greece, Hungary, Italy, Luxembourg, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden
  • Europe, Other: Macedonia, Norway, Serbia, Türkiye, United Kingdom
  • Middle East: Bahrain, Iran, Iraq, Jordan, Kuwait, Oman, Qatar, Saudi Arabia, United Arab Emirates, Yemen
  • North America: Canada, Cuba, El Salvador, Guatemala, Mexico, United States
  • Russia & other CIS + Ukraine: Belarus, Kazakhstan, Russia, Ukraine
  • South America: Argentina, Brazil, Chile, Colombia, Ecuador, Paraguay, Peru, Uruguay, Venezuela

Top 10 steel-producing countries

China is estimated to have produced 77.2 Mt in January 2024, down 6.9% on January 2023. India produced 12.5 Mt, up 7.3%. Japan produced 7.3 Mt, up 0.6%. The United States produced 6.8 Mt, down 0.3%. Russia is estimated to have produced 6.2 Mt, up 1.2%. South Korea produced 5.7 Mt, up 1.5%. Türkiye produced 3.2 Mt, up 24.7%. Germany is estimated to have produced 2.9 Mt, down 0.9%. Iran produced 2.6 Mt, up 39.3%. Brazil is estimated to have produced 2.5 Mt, down 7.2%.

Table 2. Top 10 steel-producing countries

Jan 2024 (Mt)% change Jan 24/23Jan-Jan 2024 (Mt)% change Jan-Jan 24/23
China77.2e-6.977.2-6.9
India12.57.312.57.3
Japan7.30.67.30.6
United States6.8-0.36.8-0.3
Russia6.2e1.26.21.2
South Korea5.71.55.71.5
Türkiye3.224.73.224.7
Germany2.9e-0.92.9-0.9
Iran2.639.32.639.3
Brazil2.5e-7.22.5-7.2

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

Similar Stories

https://www.ajot.com/images/uploads/article/November-2024-Freight-Shipment-Index-Infographic-%281%29.png
November 2024 Freight Transportation Services Index
View Article
Viet Nam hosts 16th United Nations Conference on Trade and Development In October 2025

UN Trade and Development (UNCTAD) Secretary-General Rebeca Grynspan announced today that the sixteenth session of the United Nations Conference on Trade and Development (UNCTAD 16) will take place in Viet…

View Article
https://www.ajot.com/images/uploads/article/Stainless-steels-and-special-alloy.png
Alleima relaunches high-strength and corrosion-resistant steel for sustainable energy sectors
View Article
United States and Norway issue innovative report creating greater transparency in critical mineral supply chains

Today, the U.S. Department of Commerce and the Norwegian Ministry of Trade, Industry, and Fisheries issued a thorough, innovative report presenting our shared understanding of non-market policies and practices (NMPPs)…

View Article
December CNBC/NRF retail monitor results show strong growth boosted by final Thanksgiving weekend days

Retail sales jumped strongly in December, boosted in part by two busy holiday shopping days during Thanksgiving weekend falling in the final month of the year, according to the CNBC/NRF…

View Article
NAW presents Dirk Van Dongen Lifetime Achievement Award to Bergman, CEO of Henry Schein, Inc.

At the 2025 NAW Executive Summit Gala on January 28 in Washington, D.C.

View Article