Global steel production in October 2023 increased by 0.6% compared to the same month in 2022 – up to 150 million tons. This is evidenced by the global ranking of 64 steel-producing countries by the World Steel Association.
Global steel production increased by 0.5% compared to the previous month. In October 2023, total steel production in the CIS+Ukraine increased by 12.9% y/y and 1.4% m/m – to 7.4 million tons.
The top ten steel-producing countries in October 2023, according to World Steel, were:
In January-October 2023, world steel production increased by 0.2% compared to the same period in 2022 – up to 1.57 billion tons. During this period, the CIS countries + Ukraine increased their total steel production by 3.1% 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.
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