Worldwide steel output increases by 3.3% in November

Worldwide unrefined steel production increased by 3.3 percent in November 2023 to 145.5 million tonnes (mt) versus 139.5 mt in the matching duration a year earlier. For the January-November duration, production in the 71 countries that represent 85 percent of world steel output was pegged at 1,715.1 mt, up 0.5 percent.

According to the World Steel Association, leading manufacturer China’s output stood at 76.1 mt in November, up 0.4 percent from the year-ago duration. For the January-November duration, China’s output was 1.5 percent greater at 952.1 mt.

India reported a 11.4 percent increase in production at 11.7 mt. Overall, for the January-November duration, India’s steel output increased by 12.1 percent at 128.2 mt.

Russia, Turkiye output skyrockets.

Russia’s production rose by 12.5 percent to 6.4 mt. While output in the United States increased by 6.1 percent at 6.6 mt, South Korea’s output increased by 11.9 percent at 5.4 mt. Turkiye and Iran reported production walkings of 25.4 percent and 7.6 percent, respectively, at 3 mt each year-on-year. The steel output in Brazil too increased by 3.8 percent at 2.7 mt.

Steel production in Japan and Germany toppled by 0.9 percent and 2.4 percent, respectively, to end at 7.1 mt and 2.7 mt.

Region-wise, Africa and Asia-Oceania saw their output increase by 3.1 percent and 2.2 percent, respectively. The EU bloc’s production saw its output go north by 3.2 percent while Europe (Others) saw a rise in production by 22.2 percent. The Middle-East area’s production increased by 4 percent while The United States and Canada’s output increased by 3.1 percent. South America’s steel production dipped a little, decreasing by 0.6 percent compared to November 2022 figures.


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