In March 2025, global steel production in 69 supplying countries reached 166.1 million tons, which is 14.8% more compared to the previous month. At the same time, compared to the same period last year, the figure increased by 2.9%. This is indicated by data from the World Steel Association.
This is reported by Business • Media
The total steel production volumes in the CIS countries and Ukraine in March decreased by 3.5% year-on-year, but increased by 5.6% month-on-month — to 7.1 million tons. In Ukraine, production decreased by 9.9% year-on-year and by 3.7% month-on-month — to 550.5 thousand tons.
Industry Leaders and Production Dynamics
The top ten countries by steel production volume in March were:
- China — 92.8 million tons (+4.6% year-on-year)
- India — 13.8 million tons (+7%)
- Japan — 7.2 million tons (+0.2%)
- USA — 6.7 million tons (-1.5%)
- Russia — 6.2 million tons (-3.2%)
- South Korea — 5 million tons (-5.3%)
- Iran — 3.3 million tons (+3.7%)
- Turkey — 3.1 million tons (-2.8%)
- Germany — 3.1 million tons (-11.7%)
- Brazil — 2.9 million tons (+6.6%)
For the period from January to March 2025, global steel production decreased by 0.4% year-on-year — to 468.6 million tons. In the CIS region and Ukraine, this figure decreased by 2.6% to 20.5 million tons. Ukraine produced 1.73 million tons of steel in the first quarter, which is 2.7% more than in the same period last year.
It is noted that for the year 2024, global steel production decreased by 0.9% to 1.839 billion tons. In December 2024, the production volume was 144.5 million tons — 5.6% more than in December 2023, and 1.6% less than in the previous month. Ukraine produced 7.57 million tons of steel in 2024, which is 21.6% more compared to 2023. The output in December reached 547 thousand tons, which is 5.1% more than last year and 1.1% month-on-month.