0.70$US/Lb
0.24$US/Lb
0.22$US/Lb
0.30$US/Lb
0.79$US/Lb
984.00$US/MT
1146.00$US/MT
1356.00$US/MT
452.00$US/MT
491.43$US/MT
2492.72$US/MT
2921.65$US/MT
21.11$US/MT
23.98$US/MT
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SEATTLE (Scrap Monster): In February of this year, the World Steel Association (worldsteel) released the list of the top 10 nations that produce steel.
With a production of 78.9 million tonnes (Mt) in February 2025, China continued to be the world's top producer of steel, according to the steel trade association. This represented a little decrease of 3.3% from the same month the previous year. During the first two months of this year, China produced 166.3 Mt of crude steel.
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India came in second with 12.7 Mt of production. The output of the nation grew by 6.3% annually. Between January and February of 25th, the nation's total production was 26.4 million tons. Japan was the third-largest producer of steel. The nation produced 6.4 million tons, a significant decrease of 8.5% from the previous year.
The other countries to feature in the top ten list of producers, along with their output in Mt are as follows: the U.S. (6.0), Russia (5.8), South Korea (5.2), Turkiye (2.9), Brazil (2.7), Germany (2.7) and Iran (1.7).
India's output increased the most, up 6.3% from the same month the previous year. In contrast, Iran's output fell 21.8% from February 2024, the biggest drop of the year.
According to worldsteel data, the world's crude steel production fell 6.5% year over year to 144.8 Mt.
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