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Steel Production Report - March 2024.

Monthly Steel Production Review

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% decrease compared to March 2023.

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

About worldsteel

The World Steel Association (also known as worldsteel) is a non-profit organisation with headquarters in Brussels, Belgium. A second office in Beijing, China, opened in April 2006.

The Association has members in every major steel-producing country/ It represents steel producers, national and regional steel industry associations, and steel research institutes. Members represent around 85% of global steel output.

The WSA was founded as the International Iron and Steel Institute (IISI) in July 1967. It changed its name to the World Steel Association in October 2008. The Association celebrated its 50th year anniversary in 2017.

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