Global steel production rose by 0.3% y/y in August

Global steel production in August 2025 rose by 0.3% compared to the same month in 2024, to 145.3 million tons. Compared to the previous month, the figure decreased by 3.2%. This is evidenced by the global ranking of steel-producing countries (70) by the World Steel Association.

Total steel production in the CIS countries + Ukraine decreased by 4.9% y/y for the month and remained at the July level of 6.7 million tons, in particular in Ukraine, it decreased by 6% y/y and increased by 11.9% m/m, to 649.4 thousand tons.

According to World Steel, the top ten steel-producing countries in August were:

• China – 77.4 million tons (-0.7% y/y);
• India – 14.1 million tons (+13.2%);
• USA – 7.2 million tons (+3.2%);
• Japan – 6.6 million tons (-3.4%);
• Russia – 5.5 million tons (-4.6%);
• South Korea – 5.2 million tons (-6.1%);
• Turkey – 3.4 million tons (+7.9%);
• Brazil – 2.9 million tons (-4.6%).
• Germany – 2.6 million tons (-10.5%);
• Iran – 1.6 million tons (+17.9%).

In January-August, global steel production decreased by 1.7% y-o-y to 1.231 billion tons. In the CIS+Ukraine region, the figure decreased by 5.1% y-o-y to 55.1 million tons. Ukraine produced 4.91 million tons of steel in eight months, down 6.8% y-o-y.

As reported by GMK Center, global steel production decreased by 0.9% in 2024 compared to 2023, to 1.839 billion tons. In December 2024, the figure was 144.5 million tons, which is 5.6% more than in December 2023 and 1.6% less than in the previous month.

Ukraine produced 7.57 million tons of steel last year, which is 21.6% more than in 2023. In December, smelting volumes amounted to 547 thousand tons (+5.1% y/y; +1.1% m/m).