Economy

Worldsteel: Global Steel Output Drops Slightly in June

Written by Laura Miller

July 27, 2023

Global steel production slipped modestly in June as output declined in the world ex-China, according to the latest figures from the World Steel Association (worldsteel).

worldsteel logo

Globally, an estimated 158.8 million metric tons of crude steel was produced in June, worldsteel said. This was a 1.7% decline from the month prior, and comparable to the 158.1 million metric tons produced in June 2022.

June’s production is down 3.8% from this year’s peak of 165.1 million metric tons in March.

Chinese steel production of 91.1 million metric tons in June accounted for 57.4% of the global total. China’s output was up 1.1% month on month and 0.4% year over year.

Steel production in the rest of the world (RoW) declined 5.3% from the month prior to 67.7 million metric tons in June, according to worldsteel’s data. So far this year, output in the RoW ex-China was highest during the month of May at 71.5 million metric tons.

07.27.23 worldsteel June

Regionally, output was higher YoY in Africa (+11.5% to 1.3 million metric tons); the Middle East (+9.4% to 4.2 million metric tons); Russia, Ukraine, and other CIS (+5.2% to 6.8 million metric tons); and Asia and Oceania (+0.8% to 119.7 million metric tons).

Regions seeing lower on-year production were South America (-12.4% to 3.3 million metric tons), the EU (-11.1% to 10.6 million metric tons), other Europe (-1.8% to 3.7 million metric tons), and North America (-0.5% to 9.2 million metric tons).

By Laura Miller, laura@steelmarketupdate.com

Laura Miller

Laura Miller is a reporter and editor for Steel Market Update. She has held a variety of positions within the steel industry since 2007, including reporting and editing for Steel Business Briefing/Platts, the Association for Iron and Steel Technology, and Kallanish Commodities, as well as marketing for what was then known as ThyssenKrupp Steel USA (now AM/NS Calvert). After a five-year hiatus working across other industries, she returned to steel in 2021 and has covered the flat rolled, tubular, and trade areas of the industry. She is a member of the Association of Women in the Metal Industries and a past-president of the AWMI Pittsburgh Chapter. She holds a BA in Latin American Studies from Edinboro University of Pennsylvania. She can be reached at laura@steelmarketupdate.com or 724-759-7869.

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