Global Crude Steel Production in Q1 Shrinks by 7% YoY

World Steel Association announced that global crude steel production for the 64 countries reporting to worldsteel was 161.0 million tonnes in March 2022, a 5.8% decrease compared to March 2021 mainly due to 10% YoY shrinkage in Chinese crude steel production to about 88 million tonnes.

1. China – 88.3 million tonne, down 6.4 YoY

2. India - 10.9 million tonne, up 4.4% YoY

3. Japan – 8.0 million tonne, down 4.3% YoY

4. United States – 7.0 million tonne, down 1.7% YoY

5. Russia – 6.6 million tonne, down 1.8% YoY

6. South Korea -5.7 million tonne, down 6.1% YoY

7. Germany -3.3 million tonne, down 11.8% YoY

8. Turkey - 3.3 million tonne, down 2.9% YoY

9. Brazil – 3.0 million tonne, up 5.4% YoY

10. Iran - 2.3 million tonne, up 6.1% YoY

Global crude steel production was 456.6 million tonne in the first three months of 2022, down by 6.8% compared to the same period in 2021.

Asia & Oceania - 331.3 million tonne, down 7.8% YoY

EU (27) - 36.8 million tonne, down by 3.8%% YoY

North America - 28.1 million tonne, down 0.9% YoY

Russia & other CIS + Ukraine - 24.0 million tonne, down 8.5% YoY

South America – 10.6 million tonne, own 3.6% YoY

Middle East – 10.2 million tonnes, down 1.9% YoY

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Top 10 Steel-Producing Countries– Jan-Mar 2022

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1. China – 243.4 million tonne, down 10.5% YoY

2. India - 31.9 million tonne, up 5.9% YoY

3. Japan – 23.0 million tonne, down 2.9% YoY

4. United States – 20.3 million tonne, own 0.4% YoY

5. Russia – 18.7 million tonne, down 1.2% YoY

6. South Korea -16.9 million tonne, down 3.8% YoY

7. Germany -9.8 million tonne, down 3.7% YoY

8. Turkey – 9.4 million tonne, down 4.7% YoY

9. Brazil – 8.5 million tonne, down 2.2% YoY

10. Iran – 6.9 million tonne, down 4.4% YoY

Global Crude Steel Production in Q1 Shrinks by 7% YoY

Strategic Research Institute

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