Steel production in 69 producing countries amounted to 166.1 million tons in the month

Global steel production in March 2025 increased by 14.8% compared to the previous month to 166.1 million tons. The figure increased by 2.9% compared to the same month in 2024. This is evidenced by the global ranking of steel producing countries (69) by the World Steel Association.

The top ten steel producing countries in March, according to World Steel, were:

• China – 92.8 million tons (+4.6% y/y);

• India – 13.8 million tons (+7%);

• Japan – 7.2 million tons (+0.2%);

• USA – 6.7 mln tons (-1.5%);

• Russia – 6.2 mln tons (-3.2%);

• South Korea – 5 million tons (-5.3%);

• Iran – 3.3 million tons (+3.7%);

• Turkey – 3.1 million tons (-2.8%);

• Germany – 3.1 million tons (-11.7%);

• Brazil – 2.9 million tons (+6.6%).

In January-March, global steel production decreased by 0.4% y/y – to 468.6 million tons.

In 2024, global steel production decreased by 0.9% compared to 2023 – to 1.839 billion tons. In December 2024, the figure amounted to 144.5 million tons, up 5.6% compared to December 2023 and down 1.6% month-on-month.