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World crude steel output up 6.6 percent in July

Tuesday, 22 August 2023 15:21:45 (GMT+3)   |   Istanbul
       

Global crude steel production in July this year increased by 6.6 percent year on year and was down by 0.1 percent month on month to 158.5 million mt, according to the World Steel Association (worldsteel).

In the January-July period this year, global crude steel production decreased by 0.1 percent year on year to 1.1 billion mt.

In July, crude steel output in Asia amounted to 119.9 million mt, up 9.1 percent, with China’s output at 90.8 million mt, up 11.5 percent, with 7.4 million mt produced by Japan, increasing by 0.9 percent, 11.5 million mt produced by India, rising by 14.3 percent, and 5.7 million mt produced by South Korea, moving down by nine percent - with all comparisons on year-on-year basis.

EU-27 countries produced 10.3 million mt of crude steel in July, down by 7.1 percent year on year. In the given period, Germany’s output amounted to three million mt, down 0.5 percent year on year.

Turkey produced 2.9 million mt of crude steel in July with a 6.4 percent increase compared to the same month in the previous year. The CIS registered a crude steel output of 7.4 million mt, advancing by 9.3 percent on year-on-year basis, with Russia’s estimated output at 6.3 million mt, up 5.8 percent year on year.

In North America, in July, crude steel output totaled 9.4 million mt, falling by 1.2 percent, with the US producing 6.9 million mt, growing by 0.5 percent, both year on year. Crude steel output in South America in July amounted to 3.4 million mt, decreasing by 8.4 percent compared to the same month in the previous year, with Brazil’s output totaling 2.7 million mt, falling by 4.7 percent year on year.

In the given month, Africa produced 1.4 million mt of crude steel, growing by 26.1 percent year on year. In the Middle East, crude steel output totaled 3.1 million mt, moving down by 3.9 percent.


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