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Home Sectors Commodities

Global steel production fell by 4.2% in 2022

by Web Admin
01/02/2023
in Commodities
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Global steel production fell by 4.2% in 2022
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World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 140.7 million tonnes (Mt) in December 2022, a 10.8% decrease compared to December 2021.

Crude steel production by region

Africa produced 1.1 Mt in December 2022, down 8.9% on December 2021. Asia and Oceania produced 104.9 Mt, down 9.2%. The EU (27) produced 9.2 Mt, down 16.7%. Europe, Other produced 3.4 Mt, down 19.2%. The Middle East produced 3.7 Mt, up 0.4%. North America produced 8.8 Mt, down 9.9%. Russia & other CIS + Ukraine produced 6.2 Mt, down 28.4%. South America produced 3.3 Mt, down 3.8%.

World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 140.7 million tonnes (Mt) in December 2022, a 10.8% decrease compared to December 2021. PHOTO / COURTESY.

The 64 countries included in this table accounted for approximately 98% of total world crude steel production in 2021.

2022 global crude steel production totals

Total world crude steel production was 1,878.5 Mt in 2022, a 4.2% decrease compared to 2021. Please see the Steel Data Viewer for the complete listing of annual production totals by country.

Source: World Steel Association

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