SMM

According to the World Steel Association, in July 2023, the global crude steel production of 63 countries included in the statistical range was 158.5 million mt, an increase of 6.6% YoY. In July 2023, Africa’s crude steel output was 1.4 million mt, an increase of 26.1% YoY. Asia and Oceania’s crude steel output was 119.9 million mt, an increase of 9.1% YoY. EU (27 countries) crude steel output was 10.3 million mt, an increase of 7.1% YoY, while other European countries’ output was 3.6 million mt, an increase of 5.1% YoY. The crude steel output of the Middle East was 3.1 million mt, a decrease of 3.9% YoY. The crude steel output of North America was 9.4 million mt, a decrease of 1.2% YoY. The output of Russia, Commonwealth of Independent States, and Ukraine totaled 7.4 million mt, an increase of 9.3% YoY. The output of crude steel in South America was 3.4 million mt, a decrease of 8.4% YoY. In July, the top five countries by production were China, India, Japan, the United States, and Russia.