Global steel production bounces back in October

Following four consecutive monthly declines, the amount of crude steel produced globally increased by 6% from September to October, according to the World Steel Association (worldsteel). Output from steel mills around the globe totaled 152.1 million metric tons (mt) in October, the highest monthly rate recorded since July.

Global steel production has averaged 154.3 million mt per month across 2024. This is 2.3 million mt or 2% lower than the first 10 months of 2023. October production is 1% higher 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.

Brett Linton

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