Global steel production in September 2023 decreased by 1.5% compared to the same month of 2022 – to 149.3 million tons. This is evidenced by the global rating of 64 steel-producing countries World Steel Association.
Compared to the previous month, global steel production decreased by 2.2%. Total steel production in the CIS countries + Ukraine in September 2023 increased by 10.7% y/y and decreased by 2.7% m/m – to 7.3 million tons.
The top ten steel-producing countries in September 2023, according to World Steel, included:
In January-September 2023, world steel production increased by 0.1% compared to the same period in 2022 – up to 1.41 billion tons. During this period, the CIS countries + Ukraine increased their total steel production by 2% y/y – up to 66.3 million tons.
As GMK Center reported earlier, in 2022 world steel production decreased by 4.3% compared to 2021 – to 1.831 billion tons. The CIS countries + Ukraine in 2022 reduced the total production of steel by 20.2% y/y – to 85.2 million tons.
Ukraine in 2022 reduced production of steel by 70.7% compared to 2021 – to 6.3 million tons. Thus, due to the war, the country fell to the 25th place in the ranking of world steel producers according to WorldSteel.
At the end of April 2024, the European Council postponed for two years the introduction…
Kametstal has expanded its line of longitudinal shaped sections at the rolling mill of the…
Ukrainian Railways (UZ) has canceled auctions for the sale of scrap on the Prozorro.Sale platform,…
In January-April 2024, total real estate investment in China fell by 9.8% year-on-year – to…
Metinvest Group reduced its steel production by 5% quarter-on-quarter to 469 thousand tons in Q1…
Steel giant ArcelorMittal is calling on the German authorities to adopt a clear industrial policy…