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World Crude Steel Output up 1.7% YoY in March 2023

According to a report by the World Steel Association, global crude steel production in 63 countries reached 165.1 million tonnes (Mt) in March 2023, an increase of 1.7% compared to March 2022.

Here Is the Breakdown of Crude Steel Production by Region:

  • Africa: 1.4 million tonnes, an increase of 8.4% year-on-year.
  • Asia and Oceania: 124.8 million tonnes, up 4.1% year on year.
  • European Union (27 countries): 11.9 million tonnes, a decrease of 5.6% over the previous year.
  • Other European countries: 3.5 million tonnes, a decrease of 14.1% year-on-year.
  • Middle East: 3.1 million tonnes, a decrease of 17.5% compared to last year.
  • North America: 9.3 million tonnes, a decrease of 2.6% compared to last year.
  • Russia and other CIS countries + Ukraine: 7.6 million tonnes, an increase of 3.0% over last year.
  • South America: 3.5 million tonnes, a decrease of 7.6%.

The Crude Steel Production of the Top Ten Steel-Producing Countries Is as Follows:

  • China: 95.7 million tonnes, an increase of 6.9% over the previous year.
  • India: 114.0 million tonnes, an increase of 2.7% over the previous year.
  • Japan: 75.0 million tonnes, a decrease of 5.9% year on year.
  • United States: 67.0 million tonnes, a decrease of 2.1%.
  • Russia: 66.0 million tonnes, an increase of 0.4% on the previous year.
  • South Korea: 58.0 million tonnes, an increase of 1.9% over the previous year.
  • Germany: 33.0 million tonnes, a decrease of 0.5% on the previous year.
  • Brazil: 27.0 million tonnes, a decrease of 8.7% on the previous year.
  • Turkey: 27.0 million tonnes, a decrease of 18.6%.
  • Italy: 22.0 million tonnes, an increase of 2.7% over the previous year.