Global steel production jumps to 14-month high in May

Global steel output rose 6% from April to May, and is now at the highest rate seen since March 2023, according to World Steel Association’s (worldsteel) latest release.

Steel mills around the world produced an estimated 165.1 million metric tons (mt) of steel last month. Production has averaged 157.9 million mt across the first five months of 2024, less than 1% higher than the same time period of 2023. May production is 2% greater than the same month last year.

Brett Linton

Brett Linton is a digital operations analyst for Steel Market Update, where he began his career. Linton has been in the steel industry since 2010. He has held roles as a category manager and strategic insights director at Reibus before returning to SMU in 2024. He is a graduate of The University of North Georgia with a degree in Finance and Accounting. Brett can be reached at brett@steelmarketupdate.com or 724-314-0179.