• Skip to main content

    Market Data

    Global steel production eases 4% in April

    Written by Brett Linton


    Following a one-year high in March, the total volume of raw steel produced around the globe slipped 4% in April to an estimated 153.4 million metric tons (mt), according to the World Steel Association (worldsteel). April production was roughly 5 million tons above last year’s average monthly rate, but weak compared with previous years.

    On a 12-month moving average (12MMA) basis, annual production has averaged 148.9 million mt per month across the past year. This is the lowest rate recorded since November 2018, down 3% from the same period one year prior (Figure 1). Before last September, annual output had generally hovered between 152 million mt and 154 million mt for over three years, similar to pre-pandemic levels.

    Brett Linton

    Read more from Brett Linton

    Latest in Market Data

    October scrap market chatter

    Every month, SMU polls scrap market participants on a variety of topics—including prices, business conditions, and what they think the future holds. We received the data and comments below last week, before the October market had entirely settled. And as it turns out, survey respondents mostly got it right. Broadly speaking, all survey respondents said demand was stable (56%) or improving (44%). None reported a decline in demand. We haven't seen this many people reporting improving demand since February.

    SMU scrap market survey results now available

    SMU’s October ferrous scrap market survey results are now available on our website to all premium members. After logging in at steelmarketupdate.com, visit the Pricing and Analysis tab and look under the “survey results” section for Ferrous Scrap Survey results. Past scrap survey results are also available under that selection. If you need help accessing the survey results or if your company would like to have your voice heard in our future surveys

    US steel imports reach 15-month high in August, rise further in September

    Steel imports into the US crept higher in August and continued climbing in September, according to the Department of Commerce's latest import license data. August imports rose 3.4% from July to a 15-month high. September license data collected through Oct. 5 shows another 6.2% month-on-month increase. Imports continue to recover from some of the lowest levels since 2020, seen late last year through February this year.