Worldwide unrefined steel production increased by 2.2 percent in August 2023 to 152.6 million tonnes (mt), versus 149.5 mt in the matching duration a year earlier. For the January-August duration, production in the 63 countries that represent 97 percent of world steel output was pegged at 1,256.4 mt, up 0.2 percent.
According to the World Steel Association, leading manufacturer China’s output stood at 86.4 mt in August, up 3.2 percent from the year-ago duration. For the January-August duration, China’s output was 2.6 percent greater at 712.9 mt.
India reported a 17.4 percent rise in production at 11.9 mt. Overall, for the January-August duration, India’s steel output increased by 10.5 percent at 92.2 mt.
Russian output soars.
Russia’s production skyrocketed by 8.9 percent to 6.4 mt. Steel production in Japan and South Korea decreased by 2.9 percent and 5.9 percent, respectively, to end at 7.1 mt and 5.6 mt. While output in the United States increased by 1.1 percent at 7 mt, Germany’s output decreased by 1 percent at 2.8 mt. Brazil and Turkiye reported production drop of 5.9 percent and 2.9 percent, respectively, at 2.7 mt and 2.8 mt year-on-year.
Iran’s production plunged 24.1 percent at 1.6 mt.
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