Topmost Steel Producing Countries in February 2022

SEATTLE (Scrap Monster): The World Steel Association (worldsteel) published the list of top ten crude steel producers during the month of February this year.

China continued to remain as the topmost steel producer, with an estimated output of 75.0 million tonnes (Mt). The country’s output witnessed substantial decline by around 10% from the same month a year before.

The second largest crude steel producer was India, whose output totalled 10.10 Mt. The country’s output recorded year-on-year surge by 7.6%.  In third place was Japan, whose output recorded year-on-year decline by 2.3% to total 7.30 Mt during the month of February this year, worldsteel data said.

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The other world countries to feature in the top-ten list include the U.S. (6.40 Mt), Russia (5.8 Mt), South Korea (5.2 Mt), Germany (3.2 Mt), Turkey (3.0 Mt), Brazil (2.7 Mt) and Iran (2.5 Mt). Among these countries, the U.S., Germany and Iran witnessed jump in output, whereas all others reported production decline over the previous year.

The steel production by the 64 countries reporting to the association was 142.7 million tonnes (Mt) in the second month of the current year, down by 5.7% compared to February 2021. These 64 countries had accounted for approximately 98% of the total world crude steel production in 2020.