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WSA: World Crude Steel Production down 1.0% in February 2023

https://en.steelhome.com [SteelHome] 2023-03-24 11:59:37

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World crude steel production for the 63 countries reporting to the World Steel Association (worldsteel) was 142.4 million tonnes (Mt) in February 2023, a 1.0% decrease compared to February 2022.

Crude steel production by region

Africa produced 1.1 Mt in February 2023, down 11.9% on February 2022. Asia and Oceania produced 106.6 Mt, up 3.0%. The EU (27) produced 10.5 Mt, down 12.6%. Europe, Other produced 2.7 Mt, down 24.9%. The Middle East produced 3.5 Mt, up 11.5%. North America produced 8.3 Mt, down 5.5%. Russia & other CIS + Ukraine produced 6.4 Mt, down 21.3%. South America produced 3.2 Mt, down 3.1%.

Table 1. Crude steel production by region

 

February 2023 (Mt)

% change February 23/22

Jan-Feb 2023 (Mt)

% change Jan-Feb 23/22

Africa

1.1

-11.9

2.4

-8

Asia and Oceania

106.6

3

223.9

3

EU (27)

10.5

-12.6

20.7

-14.3

Europe, Other

2.7

-24.9

5.9

-21.8

Middle East

3.5

11.5

7.4

17.1

North America

8.3

-5.5

17.4

-5.7

Russia & other CIS + Ukraine

6.4

-21.3

13.3

-20.7

South America

3.2

-3.1

6.8

-2.1

Total 63 countries

142.4

-1

297.8

-0.8

The 63 countries included in this table accounted for approximately 98% of total world crude steel production in 2021. Regions and countries covered by the table:

  • Africa: Egypt, Libya, South Africa
  • Asia and Oceania: Australia, China, India, Japan, New Zealand, Pakistan, South Korea, Taiwan (China), Vietnam
  • European Union (27)
  • Europe, Other: Bosnia-Herzegovina, Macedonia, Norway, Serbia, Turkey, United Kingdom
  • Middle East: Iran, Qatar, Saudi Arabia, United Arab Emirates
  • North America: Canada, Cuba, El Salvador, Guatemala, Mexico, United States
  • Russia & other CIS + Ukraine: Belarus, Kazakhstan, Moldova, Russia, Ukraine, Uzbekistan
  • South America: Argentina, Brazil, Chile, Colombia, Ecuador, Paraguay, Peru, Uruguay, Venezuela

Top 10 steel-producing countries

China is estimated to have produced 80.1 Mt in February 2023, up 5.6% on February 2022. India produced 10.0 Mt, down 1.0%. Japan produced 6.9 Mt, down 5.3%. The United States produced 6.0 Mt, down 5.3%. Russia is estimated to have produced 5.6 Mt, down 8.6%. South Korea produced 5.2 Mt, up 1.1%. Germany produced 3.0 Mt, down 6.9%. Brazil produced 2.5 Mt, down 6.7%. Iran is estimated to have produced 2.4 Mt, up 14.6%. Türkiye produced 2.1 Mt, down 28.9%.

Table 2. Top 10 steel-producing countries

 

February 2023 (Mt)

% change February 23/22

Jan-Feb 2023 (Mt)

% change Jan-Feb 23/22

China (e)

80.1

5.6

168.7

5.6

India

10

-1

21.3

1

Japan

6.9

-5.3

14.1

-6.1

United States

6

-5.3

12.6

-5.6

Russia (e)

5.6

-8.6

11.7

-5.4

South Korea

5.2

1.1

11.1

-1

Germany

3

-6.9

5.9

-8.6

Brazil

2.5

-6.7

5.3

-5.8

Iran (e)

2.4

14.6

5.1

21.1

Turkey

2.1

-28.9

4.7

-23.1

 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.
  • Information on capacity can be found on the OECD website.

Source from World Steel Association

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