World Steel Association (Worldsteel), headquartered in Brussels, announced April crude steel production data.
Accordingly, global crude steel production fell by 2.4 percent to 161.4 million tons last month, compared to the same period of 2022.
It was estimated that the production of China, the world’s largest steel producer, decreased by 1.5 percent to 92.6 million tons in the said period.
Japan’s production decreased by 3.1 percent to 7.2 million tons, Germany’s production decreased by 3.8 percent to 3.2 million tons, and the US production decreased by 5.3 percent to 6.6 million tons.
Turkey’s crude steel production decreased by 20.6 percent in April compared to the same period of the previous year, to 2.7 million tons.
Estimated to increase in Russia and Iran
In the said period, it is estimated that steel production increased by 1.9 percent to 6.4 million tons in Russia, and to 3.1 million tons in Iran with an increase of 5.9 percent.
Global crude steel production decreased by 0.3 percent to 622.7 million tons in January-April 2023, compared to the same period last year.
The World Steel Association expects global steel demand to increase by 1.7 percent in 2024, following the projected 2.3 percent increase in consumption this year due to the recovery in manufacturing activities.