World Steel production drop 5% to 161.6 MnT in May’22


Biznextindia: Global crude steel production for the 63 countries reporting to the World Steel Association (worldsteel) recorded a total of 161.6 million tonnes (Mt) in May 2023, a decrease of 5.1% compared to the same period in May 2022.

In terms of specific countries, China, the largest producer, manufactured 90.1 Mt of crude steel in May 2023, experiencing a decline of 7.3% compared to May 2022. India, on the other hand, produced 11.2 Mt, reflecting a growth of 4.1%. Japan’s production stood at 7.6 Mt, down 5.2%, while the United States recorded a production of 6.9 Mt, marking a decrease of 2.3%. Russia’s estimated production was 6.8 Mt, showing a notable increase of 8.8%. South Korea’s production reached 5.8 Mt, with a marginal decrease of 0.1%. Germany’s production stood at 3.2 Mt, experiencing a slight increase of 0.2%. Brazil’s production reached 2.8 Mt, declining by 5.5%, while Türkiye’s production was 2.9 Mt, down by 10.4%. Iran’s production, however, showed growth at 3.3 Mt, representing an increase of 8.8%.

Africa produced 1.3 Mt of crude steel in May 2023, exhibiting a substantial growth of 18.6% compared to May 2022. Asia and Oceania collectively produced 119.5 Mt, showing a decline of 6.0%. The European Union (EU-27) recorded a production of 11.6 Mt, down by 11.2%, while Europe (excluding the EU-27) produced 3.7 Mt, experiencing a decrease of 7.7%. The Middle East’s production stood at 4.4 Mt, indicating a modest increase of 4.3%. North America produced 9.6 Mt, reflecting a decline of 3.7%. Russia, along with other Commonwealth of Independent States (CIS) countries and Ukraine, recorded a combined production of 7.9 Mt, with a substantial growth of 11.5%. Lastly, South America produced 3.6 Mt, down by 5.2%.


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