Global Steel Alchemy: Crafting 2023's Overture

worldsteel
worldsteelImage Source: worldsteel

Synopsis:

In 2023, the global stage witnessed a steel symphony with production totaling 1,888.2 million metric tons. China maintained its lead, while India orchestrated an 11.8% crescendo. Amidst dynamic performances, notable shifts unfolded, shaping the narrative of steel production worldwide. Explore the nuances in the Steel Data Viewer for a comprehensive breakdown by country.

Article:

1 China 1,019.10 million metric tons, up 0.1% YoY

2 India 140.2 million metric tons, up 11.8% YoY

3 Japan 87.0 million metric tons, down 2.5% YoY

4 United States 80.7 million metric tons, up 0.2% YoY

5 Russia (e) 75.8 million metric tons, up 5.7% YoY

6 South Korea 66.7 million metric tons, up 1.4% YoY

7 Germany 35.4 million metric tons, down 4.1% YoY

8 Turkey 33.7 million metric tons, down4.0% YoY

9 Brazil 31.9 million metric tons, down 6.5% YoY

10 Iran 31.1 million metric tons, up 1.6% YoY

11 Italy 21.1 million metric tons, down 2.3% YoY

12 Viet Nam (e) 19.0 million metric tons, down 5.0% YoY

13 Taiwan, China (e) 18.9 million metric tons, down 9.1% YoY

14 Mexico (e) 16.3 million metric tons, down 11.4% YoY

15 Indonesia (e) 16 million metric tons, up 2.6% YoY

16 Canada (e) 12.3 million metric tons, up 1.7% YoY

17 Spain 11.3 million metric tons, down 2.6% YoY

18 Egypt 10.4 million metric tons, up 6.1% YoY

19 France 10.0 million metric tons, down 17.4% YoY

20 Saudi Arabia 9.9 million metric tons, unchanged YoY

21 Malaysia (e) 7.5 million metric tons, up 4.2% YoY

22 Austria 7.1 million metric tons, down 5.3% YoY

23 Poland (e) 6.4 million metric tons, down 13.5% YoY

24 Ukraine 6.2 million metric tons, down 1.6% YoY

25 Belgium (e) 5.9 million metric tons, down 15.7% YoY

26 United Kingdom 5.6 million metric tons, down 6.7% YoY

27 Bangladesh (e) 5.5 million metric tons, up 5.8% YoY

28 Australia 5.5 million metric tons, down 1.8% YoY

29 Pakistan (e) 5.3 million metric tons, down 11.7% YoY

30 Thailand (e) 5.0 million metric tons, down 5.7% YoY

31 Argentina 4.9 million metric tons, down 3.9% YoY

32 South Africa 4.9 million metric tons, up 11.4% YoY

33 Netherlands 4.7 million metric tons, down 23.0% YoY

34 Slovakia (e) 4.5 million metric tons, up 15.4% YoY

35 Algeria 4.4 million metric tons, up 2.3% YoY

36 Sweden 4.3 million metric tons, down 2.3% YoY

37 Kazakhstan 3.9 million metric tons, down 4.9% YoY

38 Finland 3.8 million metric tons, up 8.6% YoY

39 Czechia 3.4 million metric tons, down 20.9% YoY

40 United Arab Emirates 3.2 million metric tons, unchanged YoY

41 Others 39.6 million metric tons, down 4.3% YoY

Conclusion:

In the grand finale of 2023's steel symphony, the global production totaled 1,888.2 million metric tons, embodying a tale of diverse performances. China's marginal rise, India's crescendo, and the nuanced melodies of nations underscore the complexity of the steel industry. As the world looks to the future, the steel symphony remains an evolving composition, shaped by economic rhythms, regional harmonies, and global dynamics.

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