Tag: worldsteel

Global raw steel production slowed for the fourth straight month in September, according to the latest figures from the World Steel Association (worldsteel). After falling 3.4% month over month (m/m) in August, the total volume of raw steel produced around the globe ticked down 1.2% to an estimated 142.4 million metric tons (mt) in September. Output was down just 0.1% year over year (y/y). On a 12-month moving average (12MMA) basis, annual production has averaged 149.3 million mt per month across the past year. This was down 1.6% y/y and was the lowest 12MMA since May (Figure 1). Before September 2025, annual output had generally hovered between 152 million mt and 154 million mt for over three years, similar to pre-pandemic levels.

During the first three quarters of 2026, finished steel imports from South Korea increased 50.8% compared with the same period in 2025. Imports from Vietnam increased 23.4%, imports from Turkey increased 49.5%, and imports from India increased 29.5%. Those are not marginal increases. They are substantial import surges, especially in a US market where apparent domestic consumption has bounced around but has not grown since 2017. More importantly, these import surges are arriving at lower average unit values (AUVs).

The World Steel Association (worldsteel) forecasts flat steel demand in 2026, as contraction in China and disruption in the Gulf region offset growth in India and other markets, including the US. Global demand is expected to rise slightly in 2027. The Brussels-based association’s Short Range Outlook (SRO) for 2026 pegs global steel demand at 1,722 million metric tons (mt), essentially unchanged from 2025. For 2027, worldsteel forecasts 1.7% growth to 1,752 million mt. “The trajectory we set out in April holds, but the anticipated recovery is proving slower and more gradual than we had expected,” commented Alfonso Hidalgo de Calcerrada, chair of the worldsteel Economics Committee. “Global steel demand is now forecast to be flat in 2026 rather than to grow modestly, and to grow by 1.7% in 2027 rather than 2.2%. Almost the whole of that revision is a China story,” Calcerrada added.

Global raw steel production slowed for the third month in a row in August, according to the latest figures from the World Steel Association (worldsteel).

The total volume of raw steel produced by mills around the globe eased for the second month in a row in July to an estimated 149.2 million metric tons (mt), according to the latest World Steel Association figures.

The total volume of raw steel produced by mills around the globe eased 2% in June, according to worldsteel.

Total raw steel produced around the globe rebounded 3% in May to an estimated 157.9 million metric tons (mt), according to the World Steel Association (worldsteel).

The total volume of raw steel produced around the world fell 4% in April following the one-year high seen in March, per World Steel Association figures.

World crude steel production for the 69 countries reporting to the World Steel Association (worldsteel) totaled an estimated 159.9 million metric tons in March. Production jumped 12.8% from a shorter February, but was down 4.0% from March 2025, according to newly released data.

Worldsteel said Dr. Henrik Adam will take the helm of the association in the middle of the fourth quarter of this year.

Global steel demand is stabilizing and poised for a gradual recovery through 2027, with North America expected to post solid, policy-supported gains, according to the World Steel Association’s latest Short Range Outlook.

Global raw steel production declined 3.7% from January to an estimated 141.8 million metric tons (mt) in February, according worldsteel data. Output was one of the lowest totals over the past three years.

The US surpassed Japan in annual steel production in 2025 for the first time in 26 years, according to the World Steel Association (worldsteel).

The total amount of raw steel produced around the world recovered 5.5% from December to an estimated 147.3 million metric tons in January, according worldsteel.

The total amount of raw steel produced around the world slipped 0.4% from November to an estimated 139.6 million metric tons (mt) in December, according worldsteel data.

The total amount of raw steel produced around the world slipped 3% from October to an estimated 140.1 million metric tons (mt) in November, according to World Steel Association (worldsteel) data. This marks the lowest monthly production rate since December 2023.

Following four consecutive monthly declines, world crude steel output recovered 1% from September to October to an estimated 143.3 million metric tons (mt), according to the World Steel Association (worldsteel).

World crude steel output declined for the fourth-consecutive month in September, slipping 3% from August to an estimated 141.8 million metric tons (mt), according to the latest figures from the World Steel Association (worldsteel).

The World Steel Association (worldsteel) Short Range Outlook for global steel demand predicts that 2025’s steel demand will clock in at the same level as in 2024. In its October report, the Brussels-based association stated that this year’s steel demand will reach ~1,750 million metric tons (mt). The organization forecasts a 1.3% demand rebound in 2026, pushing […]

August marked the second-lowest monthly production rate this year, down 13% from the two-year high of 166.6 million mt in March.

World crude steel output declined for a second straight month in July, falling 2% from June to an estimated 150.1 million metric tons (mt), according to recent data published by the World Steel Association (worldsteel).

The total volume of raw steel produced around the globe fell by 5% from May to June, according to recent data published by the World Steel Association (worldsteel).

Global raw steel production rose 2% from April to May, slightly above average production levels seen in recent months, according to data recently released by the World Steel Association (worldsteel).

Global raw steel production increased in March, according to the latest figures released by the World Steel Association (worldsteel).

February’s global raw steel output is tied with last December's for the fourth-lowest monthly production rate recorded over the past two years.

Global crude steel output rose 5% from December to January but still lagged last year.

The volume of crude steel produced around the world declined 2% month over month (m/m) in December, according to the World Steel Association (worldsteel). This is the second-consecutive monthly decline in production, following November’s 3% m/m drop.

Global steel mill output totaled 146.8 million metric tons (mt) in November, marking the third-lowest monthly rate seen in 2024 to date.

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 mill output totaled 143.6 million metric tons (mt) in September, the lowest monthly rate recorded this year.