0.70$US/Lb
0.24$US/Lb
0.22$US/Lb
0.30$US/Lb
0.80$US/Lb
784.00$US/MT
962.00$US/MT
1077.00$US/MT
405.00$US/MT
750.25$US/MT
707.77$US/MT
2377.06$US/MT
2718.15$US/MT
51.97$US/MT
This service is only available to US clients.
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.
Copper Scrap View All | |
Alternator | 0.38 (0) |
#1 Copper Bare Bright | 3.90 (0.01) |
Aluminum Scrap View All | |
356 Aluminum Wheels (Clean) | 0.75 (0) |
6061 Extrusions | 0.65 (0) |
Steel Scrap View All | |
#1 Bundle | 370.00 (0) |
#1 Busheling | 390.00 (0) |
Electronics Scrap View All |