Global steel production fell by 2.4% y/y in April

Global steel production in April 2023 decreased by 2.4% compared to the same month of 2022 – to 161.4 million tons. This is evidenced by the global rating of 64 steel-producing countries World Steel Association.

Compared to the previous month, global steel production decreased by 2.2%. Total steel production in the CIS countries + Ukraine in April 2023 increased by 5.9% y/y and decreased by 1.3% m/m – to 7.5 million tons.

The top ten steel-producing countries in April 2023, according to World Steel:

• China – 92.6 million tons (-1.5% compared to April 2022);
• India – 10.7 million tons (+3.2%);
• Japan – 7.2 million tons (-3.1%);
• USA – 6.6 million tons (-5.3%);
• Russia – 6.4 million tons (+1.9%);
• South Korea – 5.7 million tons (+3%);
• Germany – 3.2 million tons (-3.8%);
• Iran – 3.1 million tons (+5.9%);
• Brazil – 2.8 million tons (-5.9%);
• Turkiye – 2.7 million tons (-20.6%).

In January-April 2023, world steel production decreased by 0.3% compared to the same period in 2022 – to 622.7 million tons. During this period, the CIS countries + Ukraine reduced the total steel production by 7.9% y/y – to 28.9 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 for 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.