Worldsteel: Global Steel Output Drops Slightly in June

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.

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