Global pig iron production increased by 1.1% y/y in January-June

In June, global pig iron production increased by 0.7% y/y and decreased by 2.7% m/m

In January-June 2023, the global production of pig iron increased by 1.1% compared to the same period in 2022 – up to 715.73 million tons. In June, the global production of pig iron amounted to 120.65 million tons, which is 0.7% more y/y and less by 2.7% m/m. Ukrmetalurgprom reports about it with the reference to WorldSteel Association data.

World production of pig iron by the blast furnace method for January-June 2023 amounted to 658.78 million tons, and by DRI method – 56.95 million tons.

The largest pig iron-producing countries in January-June 2023 are:

• China – 451.56 million tons (+2.7% y/y);
• India – 66.2 million tons (+9.2% y/y);
• Japan – 31.59 million tons (-4.4% y/y).

Ukraine in January-June 2023 produced 2.84 million tons of pig iron, which is 37.5% less compared to the same period in 2022. Thus, the country occupies the 17th place in the ranking of world producers of pig iron. In June, 486,000 tons of pig iron were smelted (-19.4% m/m and +40.9% y/y).

As GMK Center reported earlier, in 2022, world production of pig iron decreased by 3% compared to 2021 – to 1.39 billion tons. 1.28 billion tons of pig iron were produced by the blast furnace method, and 110.52 million tons – by DRI/

In the top three pig iron production leaders in 2022: China – 863.83 million tons (-0.8% y/y), India – 121.9 million tons (+4.4% y/y) , Japan – 64.1 million tons (-8.8% y/y). In 2022, Ukraine took 15th place in the ranking of world pig iron producers with an indicator of 6.39 million tons (-69.8% y/y).

Global steel production in 2022 decreased by 10.8% compared to 2021 – to 140.7 million tons. In the top three there were China – 1.013 billion tons (-2.1% y/y), India – 124, 7 million tons (+5.5% y/y), Japan – 89.2 million t (-7.4% y/y). Ukraine took 25th place with a result of 6.3 million tons (-70.7% y/y).