Scrap Metal Prices

Steel Prices

Register/Sign in
ScrapMonster
Are ads getting in your way? Register for Ad-free pages and live data.
Get an instant offer on your damaged car

This service is only available to US clients.

Scrap Metal News January 27, 2025 08:30:03 PM

World Crude Steel Output Ended 2024 on a Strong Note

Paul Ploumis
ScrapMonster Author
Only two regions—Asia and Oceania and the EU-27—saw increases in crude steel production from year to year.
Subscribe to The Scrap Monster YouTube channel for daily scrap metal price reports and market updates.

SEATTLE (Scrap Monster): In December of last year, 71 nations that report to the World Steel Association (worldsteel) produced 144.5 million tonnes (Mt) of crude steel, a little increase of 5.6% over the same month the previous year.

With a monthly production of 106.3 Mt, Asia and Oceania was the largest steel-producing area. With an output of 9.6 Mt, the EU-27 region was the second-largest producer. The North American nations, with a production of 8.8 Mt, came in third. Africa (1.9), Russia and other CIS+ Ukraine (6.8), Other Europe (3.3), the Middle East (4.6), and South America (3.1) are the other regions' respective outputs (in Mt).

Only two regions—Asia and Oceania and the EU-27—saw increases in crude steel production from year to year.

ALSO READ:

worldsteel SRO Foresees Rebound in Global Steel Demand in 2025

worldsteel Report Highlights Sustainability Performance of the Steel Industry

Throughout the month, productivity declined in every other region. The nations in the Other Europe area saw the biggest production loss, at 14.3%. Russia and other CIS+ countries, Ukraine, and the Middle East were the other regions to see year-over-year declines in crude steel production volumes, with output declining 6.8% and 4.5%, respectively. The production of crude steel in North America also decreased by 4.3%.

The full year 2024 worldwide crude steel production totalled 1,839.4 Mt, down slightly by 0.9% from the prior year.

When compared to December 2023, the production of crude steel in South America likewise decreased by 3.8%. The output of the African area decreased by a moderate 1.0% year over year.

 

Are ads getting in your way? Register for Ad-free pages and live data.

How to Recycle

Proper Disposal of Alkaline Batteries

Proper Disposal of Alkaline Batteries

Improper disposal of alkaline batteries can result in various negative consequences. Explore our blog post to discover safe disposal methods.
Christmas Tree Recycling - Responsible Ways

Christmas Tree Recycling - Responsible Ways

Proper preparation and using a reliable Christmas tree recycling directory ensures responsible disposal and maximizes the benefits.
Stop Throwing Away LED Light Bulbs -- Do This Instead

Stop Throwing Away LED Light Bulbs -- Do This Instead

Stop throwing away LED light bulbs and dispose of them responsibly. Proper disposal ensures environmental safety and sustainability.
powered by RecyclingMonster
Are ads getting in your way? Register for Ad-free pages and live data.
×

Quick Search

Advanced Search