Global crude steel production sees modest growth in November

By Tuba Ongun

Global crude steel production reached 146.8 million tons in November, marking a 0.8% rise compared to last year, the World Steel Association (worldsteel) reported on Monday.

China, the world's top producer, saw a 2.5% rise in steel output, reaching 78.4 million tons.

India, the world's number two steel producer, posted an annual growth of 4.5% to 12.4 million tons.

Other key producers, however, saw declines. Japan's steel output fell by 3.1% to 6.9 million tons and the US reported a 2.8% decrease, producing 6.4 million tons.

Russia's output saw a significant drop of 9.2%, totaling 5.5 million, and South Korea's production fell by 3.6% to 5.2 million tons.

In Europe, Germany posted an 8.6% rise in production, reaching 2.9 million, while Türkiye produced 3 million tons of crude steel, a modest increase of 0.7%.

The World Steel Association represents approximately 85% of global steel production.

In January-November, global steel production ticked down by 1.4% to 1.7 billion tons.