The Zhitong Finance App learned that on April 23, the World Steel Association announced the global crude steel production volume for March 2024. According to the data, in March 2024, the world's crude steel production in 71 countries included in the World Steel Association statistics was 161.2 million tons, a year-on-year decrease of 4.3%.

Crude steel production by region

In March 2024, crude steel production in Africa was 1.9 million tons, up 1.1% year on year; crude steel production in Asia and Oceania was 118.3 million tons, down 5.8% year on year; EU (27 countries) crude steel production was 11.6 million tons, down 4.3% year on year; crude steel production in other European countries was 3.9 million tons, up 11.0% year on year; crude steel production in the Middle East was 4.8 million tons, up 1.4% year on year; Russia and other CIS countries+Ukraine crude steel production was 7.8 million tons, up 1.5 percent year on year %; South American crude steel production was 3.5 million tons, a year-on-year decrease of 0.2%.

Including data submitted by 71 steel-producing countries, 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, 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 March 2024, China's crude steel production was 88.27 million tons, down 7.8% year on year; India's crude steel production was 12.7 million tons, up 7.8% year on year; Japan's crude steel production was 7.2 million tons, down 3.9% year on year; US crude steel production was 6.9 million tons, which was the same year on year; Russian crude steel production was 6.6 million tons, up 0.8% year on year; South Korea's crude steel production was 5.3 million tons, up 8.4% year on year; Turkey's crude steel production was 3.2 million tons, up 18.0% year on year; Brazil's crude steel production was 3.2 million tons, up 18.0% year on year; Brazil's crude steel production was 3.2 million tons, up 18.0% year on year; Brazil's crude steel production was 3.2 million tons, up 18.0% year on year; Brazil's crude steel production was 3.2 million tons, up 18.0% year on year; Brazil's crude steel production was 3.2 million tons, up 18.0% year on year; Brazil's crude steel production was 3.2 million tons, up 18.0% year on year; Brazil's crude steel production was 3.2 million tons, up 18.0% year on year; Brazil Steel production was 2.8 million tons, up 5.6% year on year; Iran's crude steel production was 2.8 million tons, up 2.0% year on year.

Table 2: Top 10 Countries for Crude Steel Production