Steel Markets

Global Steel Output Rises in July: worldsteel

Written by Ethan Bernard

August 22, 2023

Global steel production increased 6.6% year over year (YoY) in July to 158.5 million metric tons (Mt), according to the latest report from the World Steel Association (worldsteel).

China produced 90.8 million metric tons last month, up 11.5% from July 2022, according to worldsteel. The US produced 6.9 million metric tons, rising 0.5% in the same comparison.

Regions seeing a YoY increase in July included: Africa, +26.1% to 1.4 million metric tons; Asia and Oceania, +9.1% to 119.9 million metric tons; Other Europe, +5.1% to 3.6 million metric tons; and Russia and Other CIS + Ukraine, +9.3% to 7.4 million metric tons.

Regions that saw a decrease in July 2023 vs. July 2022 included: the EU, -7.1% to 10.3 million metric tons; Middle East, -3.9% to 3.1 million metric tons; North America, -1.2% to 9.4 million metric tons; and South America, -8.4% to 3.4 million metric tons.

The 63 countries reporting to worldsteel represent around 85% of global steel production, the Brussels-based association said.

Ethan Bernard

Ethan Bernard is a reporter and editor for Steel Market Update. He previously worked for American Metal Market as a copy editor in the New York office for two years starting in 2008. Later, he copy edited AMM’s monthly magazine on a freelance basis from 2015 until 2017. With experience in financial copywriting and textbook publishing, he holds a BA in Comparative Literature from UC Berkeley, and an MFA. in Creative Writing from New York University. He can be reached at ethan@steelmarketupdate.com or 724-759-7871.

Read more from Ethan Bernard

Latest in Steel Markets