Global steel production in February 2023 decreased by 1% compared to the same month of 2022 – to 142.4 million tons. This is evidenced by the global rating of 64 steel-producing countries World Steel Association.
Compared to the previous month, global steel output decreased by 2%. Total steel production in the CIS countries+Ukraine in February 2023 fell by 21.3% y/y and by 1.5% m/m – to 6.4 million tons.
The top ten steel producing countries in February 2023, according to World Steel:
In January-February 2023, world steel production decreased by 0.8% compared to the same period in 2022 – to 297.8 million tons. During this period, the CIS countries+Ukraine reduced the total steel production by 20.7% y/y – to 13.3 million tons.
As GMK Center reported earlier, in 2022 world steel production decreased by 4.3% compared to 2021 – to 1.831 billion tons. CIS countries+Ukraine for 2022 reduced total steel production 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.
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