Global steel production fell by 2.2% y/y in February

Last month, China saw a 3.6% year-over-year decline

Global steel production in February 2026 fell by 2.2% year-over-year and by 3.7% month-over-month, reaching 141.8 million tons. This is according to the World Steel Association’s global ranking of steel-producing countries (69).

In the first two months of the year, global steel output totaled 298.2 million tons (-1.5% year-on-year).

Total steel production in the CIS countries plus Ukraine fell by 10.5% year-on-year during the month – to 6 million tons; specifically, steel output in Ukraine in February 2026 decreased by 9.9% year-on-year – to 515,000 tons.

According to World Steel, the top ten steel-producing countries in January included:

• China – 76.1 million tons (-3.6% y/y);
• India – 13.6 million tons (+7.7%);
• United States – 6.5 million tons (+5.8%);
• Japan – 6.4 million tons (0%);
• Russia – 5 million tons (-10.2%);
• South Korea – 4.8 million tons (+0.2%);
• Turkey – 3 million tons (+3.4%);
• Germany – 2.8 million tons (+4.8%);
• Brazil – 2.5 million tons (-5.7%);
• Iran – 1.7 million tons (-1.3%).

As reported by GMK Center, global steel production fell by 2% year-on-year in 2025, to 1.8 billion tons. Total steel production in the CIS countries and Ukraine decreased by 4.4% year-on-year in 2025, to 81.3 million tons. China reduced output by 4.4% year-on-year (960.8 million tons), India increased it by 10.4% year-on-year (164.9 million tons), and the U.S. by 3.1% year-on-year (82 million tons).