October 2024 crude steel production

Nov 22, 2024

World crude steel production for the 71 countries reporting to the World Steel Association (worldsteel) was 151.2 million tonnes (Mt) in October 2024, a 0.4% increase compared to October 2023.

Crude steel production by region

Africa produced 2.0 Mt in October 2024, down 0.4% on October 2023. Asia and Oceania produced 110.3 Mt, up 0.9%. The EU (27) produced 11.3 Mt, up 5.7%. Europe, Other produced 3.4 Mt, down 6.2%. The Middle East produced 5.0 Mt, up 5.4%. North America produced 8.8 Mt, down 3.6%. Russia & other CIS + Ukraine produced 6.7 Mt, down 12.2%. South America produced 3.8 Mt, up 7.2%.

Table 1. Crude steel production by region

	Oct 2024 (Mt)	% change Oct 24/23	Jan-Oct 2024 (Mt)	% change Jan-Oct 24/23
Africa	2.0	-0.4	18.6	1.9
Asia and Oceania	110.3	0.9	1,142.7	-2.1
EU (27)	11.3	5.7	109.3	2.1
Europe, Other	3.4	-6.2	36.5	6.3
Middle East	5.0	5.4	44.1	1.3
North America	8.8	-3.6	88.8	-3.8
Russia & other CIS + Ukraine	6.7	-12.2	71.4	-3.8
South America	3.8	7.2	35.3	1.2
Total 71 countries	151.2	0.4	1,546.6	-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 produced 81.9 Mt in October 2024, up 2.9% on October 2023. India produced 12.5 Mt, up 1.7%. Japan produced 6.9 Mt, down 7.8%. The United States produced 6.6 Mt, down 2.0%. Russia is estimated to have produced 5.6 Mt, down 15.2%. South Korea produced 4.5 Mt, down 18.3%. Germany produced 3.2 Mt, up 14.7%. Türkiye produced 3.0 Mt, up 0.7%. Brazil produced 3.1 Mt, up 16.2%. Iran produced 3.0 Mt, down 1.9%.

Table 2. Top 10 steel-producing countries

	Oct 2024 (Mt)		% change Oct 24/23	Jan-Oct 2024 (Mt)	% change Jan-Oct 24/23
China	81.9		2.9	850.7	-3.0
India	12.5		1.7	123.0	5.6
Japan	6.9		-7.8	70.2	-3.7
United States	6.6		-2.0	66.7	-1.9
Russia	5.6	e	-15.2	59.4	-6.8
South Korea	4.5		-18.3	52.3	-6.4
Germany	3.2		14.7	31.6	5.0
Türkiye	3.0		0.7	30.9	12.4
Brazil	3.1		16.2	28.4	6.0
Iran	3.0		-1.9	25.0	0.6

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

Notes to Editors:

The World Steel Association (worldsteel) is one of the largest and most dynamic industry associations in the world, with members in every major steel-producing country. worldsteel represents steel producers, national and regional steel industry associations, and steel research institutes. Members represent around 85% of global steel production.
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Information on capacity can be found on the OECD website.