World Steel Association announced that global crude steel production for the 64 countries reporting to worldsteel was 139.1 million tonnes in November 2022, down 2.6% YoY. During January-October 2022, global crude steel production totaled 1.691 billion tonnes down 3.7% YoY, with China producing 935.1 million tonne, down 1.4% YoY & India 114.2 million tonne, up 6.0% YoY. Barring India & Iran, other top nation’s crude steel production in 2022 has been hit for various regions including Russian invasion hitting Ukrainian & Russian steel sector, high energy prices impacting European mills and shrinkage in demand hammering Japan, US, Korea and Brazil output ------------------ November 2022 1. China – 74.5 million tonne, up 7.3% YoY but down 6.6% MoM 2. India – 10.4 million tonne, up 5.7% YoY 3. Japan - 7.2 million tonne, down 10.7% YoY 4. United States – 6.4 million tonne, down 10.5% YoY 5. Russia - 5.6 million tonne, down 9.6% YoY 6. South Korea – 4.8 million tonne, down 18.1% YoY 7. Germany – 2.8 million tonne, down 17.9% YoY 8. Turkey - 2.4 million tonne, down 30.7% YoY 9. Brazil - 2.6 million tonne, down 16.3% YoY 10. Iran – 2.9 million tonne, up 3.9% YoY -------------------------- January-October 2022 1. China – 935.1 million tonne, down 1.4% YoY 2. India – 114.2 million tonne, up 6.0% YoY 3. Japan – 82.3 million tonne, down 6.9% YoY 4. United States – 74.4 million tonne, down 5.5% YoY 5. Russia – 65.9 million tonne, down 7.0% YoY 6. South Korea – 60.6 million tonne, down 6.1% YoY 7. Germany -34.2 million tonne, down 7.9% YoY 8. Turkey – 32.5 million tonne, down 12.3% YoY 9. Brazil – 31.5 million tonne, down 5.9% YoY 10. Iran – 27.9 million tonne, up 8.5% YoY Source – worldsteel
World Steel Association announced that global crude steel production for the 64 countries reporting to worldsteel was 139.1 million tonnes in November 2022, down 2.6% YoY. During January-October 2022, global crude steel production totaled 1.691 billion tonnes down 3.7% YoY, with China producing 935.1 million tonne, down 1.4% YoY & India 114.2 million tonne, up 6.0% YoY. Barring India & Iran, other top nation’s crude steel production in 2022 has been hit for various regions including Russian invasion hitting Ukrainian & Russian steel sector, high energy prices impacting European mills and shrinkage in demand hammering Japan, US, Korea and Brazil output ------------------ November 2022 1. China – 74.5 million tonne, up 7.3% YoY but down 6.6% MoM 2. India – 10.4 million tonne, up 5.7% YoY 3. Japan - 7.2 million tonne, down 10.7% YoY 4. United States – 6.4 million tonne, down 10.5% YoY 5. Russia - 5.6 million tonne, down 9.6% YoY 6. South Korea – 4.8 million tonne, down 18.1% YoY 7. Germany – 2.8 million tonne, down 17.9% YoY 8. Turkey - 2.4 million tonne, down 30.7% YoY 9. Brazil - 2.6 million tonne, down 16.3% YoY 10. Iran – 2.9 million tonne, up 3.9% YoY -------------------------- January-October 2022 1. China – 935.1 million tonne, down 1.4% YoY 2. India – 114.2 million tonne, up 6.0% YoY 3. Japan – 82.3 million tonne, down 6.9% YoY 4. United States – 74.4 million tonne, down 5.5% YoY 5. Russia – 65.9 million tonne, down 7.0% YoY 6. South Korea – 60.6 million tonne, down 6.1% YoY 7. Germany -34.2 million tonne, down 7.9% YoY 8. Turkey – 32.5 million tonne, down 12.3% YoY 9. Brazil – 31.5 million tonne, down 5.9% YoY 10. Iran – 27.9 million tonne, up 8.5% YoY Source – worldsteel
