Global crude steel output amounts to 148.1M tons in January
Date
2/25/2024 2:42:33 AM
(MENAFN) In January, global crude steel production amounted to 148.1 million tons, as reported by the World Steel Association (worldsteel) data released on Friday. Despite contributions from 71 reporting countries, there was a marginal 1.6 percent year-on-year decrease in overall crude steel production, as indicated by the data.
Among the world's leading steel producers, Iran notably experienced a substantial annual increase of 39.3 percent, reaching 2.6 million tons in 2023. Conversely, China, the foremost steel producer globally, witnessed a 6.9 percent decline in January, producing 77.2 million tons during the period.
India, ranked second in global steel production, recorded a noteworthy 7.3 percent annual growth, culminating in 12.5 million tons of steel output. Japan, occupying the third position, reported a modest 0.6 percent increase in steel production, amounting to 7.3 million tons.
On the other hand, the United States witnessed a slight 0.3 percent year-on-year decrease, producing 6.8 million tons of crude steel. Turkey, positioned as the world's seventh-largest crude steel producer, demonstrated significant growth in January, with a remarkable 24.7 percent annual surge in steel output, reaching 3.2 million tons during the period. These figures underscore the dynamic shifts and varied performance across key steel-producing nations, reflecting broader trends and market dynamics within the global steel industry.
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