Steel Products

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).

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).

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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