Каметсталь
Global steel production in November 2023 increased by 3.3% compared to the same month in 2022 – up to 145.5 million tons. This is evidenced by the global ranking of 64 steel-producing countries by the World Steel Association.
Global steel production fell by 3% compared to the previous month. Total steel production in the CIS+Ukraine in November 2023 increased by 14.8% y/y and remained at the level of October – 7.4 million tons.
The top ten steel-producing countries in November 2023, according to World Steel, were:
In January-November 2023, world steel production increased by 0.5% compared to the same period in 2022 – up to 1.71 billion tons. During this period, the CIS countries + Ukraine increased their total steel production by 4.4% y/y – up to 81.4 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.
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