Exclusive Italy increased steel production by 11.2% m/m in March

During January and March, the indicator grew by 3.1% y/y

Italian steelmakers increased steel production by 11.2% in March 2025 compared to the previous month to 2.02 million tons. Compared to the same month in 2024, the figure increased by 6%. This is evidenced by data from the industry association Federacciai, SteelOrbis reports.

During the first quarter, steel production by Italian steelmakers increased by 3.1% compared to January-March 2024 to 5.53 million tons.

Flat production in March increased by 13.6% y/y and 15.1% m/m – to 904 thousand tons, and by 9.1% y/y – to 2.5 million tons in January-March. Long products output increased by 1.2% y/y and 20% m/m – to 1.2 million tons. In January-March, production of long products decreased by 0.9% y/y – to 3.1 million tons.

As GMK Center reported earlier, in 2024, Italy decreased steel production by 5% compared to 2023, to 20 million tons. In December 2024, Italian steelmakers reduced steel production by 8.8% compared to December 2023 and by 33.4% – to 1.199 million tons compared to the previous month.

Long products production for the year amounted to 11.7 million tonnes, down 0.2% compared to 2023, and flat production amounted to 8.6 million tonnes (-9.7% y/y). Thus, long products output experienced only a slight decline, supported by increased construction activity. At the same time, the weakness of the automotive sector and industry, as well as high volumes of competitive imports, had a negative impact on flat products.

Overall, steel production in the European Union increased by 2.6% in 2024 compared to 2023 to 129.5 million tons. Global steel production for the year amounted to 1.84 billion tons, down 0.9% year-on-year.