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Crude steel production decreases

World crude steel production for the 71 countries reporting to the World Steel Association (worldsteel) was 161.2 million tonnes (Mt) in March 2024, a 4.3 percent decrease compared to March 2023.

Crude steel production by region
Africa produced 1.9 Mt in March 2024, up 1.1 percent on March 2023. Asia and Oceania produced 118.3 Mt, down 5.8 percent. The EU (27) produced 11.6 Mt, down 4.3 percent. Europe, Other produced 3.9 Mt, up 11.0 percent. The Middle East produced 4.8 Mt, up 4.0 percent. North America produced 9.5 Mt, down 1.4 percent. Russia & other CIS + Ukraine produced 7.8 Mt, up 1.5 percent. South America produced 3.5 Mt, down 0.2 percent.

Top 10 steel-producing countries
China produced 88.3 Mt in March 2024, down 7.8 percent on March 2023. India produced 12.7 Mt, up 7.8 percent. Japan produced 7.2 Mt, down 3.9 percent. The U.S. produced 6.9 Mt, the same as in March 2023. Russia is estimated to have produced 6.6 Mt, up 0.8 percent. South Korea produced 5.3 Mt, down 9.5 percent. Germany produced 3.5 Mt, up 8.4 percent. Turkey produced 3.2 Mt, up 18.0 percent. Brazil produced 2.8 Mt, up 5.6 percent. Iran produced 2.8 Mt, up 2.0 percent.

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