Global crude steel production rose by 6.6% in July

Global crude steel production reached 158.5 million tons in July, up 6.6% from the same period last year as production in China increased by more than 11%.

The World Steel Association (Worldsteel), headquartered in Brussels, announced the crude steel production data for July.

Accordingly, global crude steel production increased by 6.6% to 158.5 million tons in July 2023 compared to the same month of the previous year.

In the said period, China’s production increased by 11.5% to 90.8 million tons, while Japan’s production increased by 0.9% to 7.4 million tons.

In the same period, Germany’s production decreased by 0.5% to 3 million tons, while the production of the USA increased by 0.5% to 6.9 million tons.

According to the association’s data, Turkiye’s crude steel production increased by 6.4% in July compared to the same period of the previous year, reaching 2.9 million tons.

While Brazil’s production decreased by 4.7% to 2.7 million tons, it was estimated that production in Russia increased by 5.8% to 6.3 million tons.

In the January-July period of this year, global crude steel production decreased by 0.1% compared to the same period of the previous year and decreased to 1 billion 103.2 million tons.

Source: Trthaber / Prepared by Irem Yildiz

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