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Africa|Steel
Africa|Steel
africa|steel

Global crude steel production up 6.6% y/y in July

22nd August 2023

By: Darren Parker

Creamer Media Contributing Editor Online

     

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Global crude steel production for the 63 countries reporting to the World Steel Association increased by 6.6% year-on-year to 158.5-million tonnes in July.

Africa witnessed a surge in production to 1.4-million tonnes, marking a 26.1% increase compared with July 2022.

Meanwhile, Asia and Oceania contributed significantly with production of 119.9-million tonnes, reflecting a 9.1% year-on-year increase.

Within the European Union (EU), production reached 10.3-million tonnes, which represented a dip of 7.1%. In contrast, other non-EU European countries experienced positive momentum, delivering 3.6-million tonnes, which marked a rise of 5.1%.

The Middle East, on the other hand, experienced a decline, producing 3.1-million tonnes, representing a decrease of 3.9%. Similarly, North America's production amounted to 9.4-million tonnes, showing a more modest decline of 1.2%.

The region encompassing Russia and other Commonwealth of Independent States (CIS), in addition to Ukraine, showcased a robust performance, collectively producing 7.4-million tonnes, signifying a substantial increase of 9.3%.

Meanwhile, South America faced a slight setback, producing 3.4-million tonnes, experiencing an 8.4% reduction year-on-year. This diverse landscape of production figures in various regions contributes to a nuanced understanding of the global production trends during this period.

The 63 countries reported on accounted for about 97% of total world crude steel production in 2022.

China emerged as the leading global steel producer, with production of 90.8-million tonnes in July, marking an 11.5% increase compared with July 2022. India secured the second spot by producing 11.5-million tonnes, achieving 14.3% growth year-on-year.

In the line-up, Japan held its ground with production of 7.4-million tonnes, displaying a modest 0.9% uptick.

The US contributed a total of 6.9-million tonnes, reflecting a slight 0.5% increase, while Russia's estimated production amounted to 6.3-million tonnes, showcasing 5.8% growth.

Meanwhile, South Korea encountered a production decline of 9%, reaching 5.7-million tonnes.

Germany, with its production of three-million tonnes, experienced a modest reduction of 0.5%. Türkiye, on the other hand, demonstrated growth, producing 2.9-million tonnes, marking an increase of 6.4%.

Brazil, with its production of 2.7-million tonnes, faced a 4.7% decrease, while Iran's production reached two-million tonnes, reflecting a 1.5% reduction.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

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