Dip in crude steel output

Crude steel output for the 69 countries currently reporting to the World Steel Association (worldsteel) in February 2025 was 144.7 million tonnes (Mt), a 3.4% decrease compared to February 2024.

The latest worldsteel data shows that, of the top 10 producers, China is estimated to have had an output of 78.9 Mt in February, down 3.3% on a year earlier.

India up, Iran down

India produced 12.7 Mt, up 6.3% while Japan’s 6.4 Mt was down 8.5%. The United States’ output was 6.0 Mt (-7.0%); Russia is estimated at 5.8 Mt (-3.4%); South Korea 5.2 Mt (+0.7%); Türkiye 2.9 Mt (-5.6%); Brazil produced 2.7 Mt (-1.6%); Germany 2.7 Mt (-13.5%); and Iran 1.7 Mt (-21.8%).

The 69 countries reporting to worldsteel accounted for approximately 98% of global crude steel production in 2023.