In August of this year, global crude steel output by 64 nations reported to the World Steel Association (worldsteel) was 156.8 million tonnes (Mt), down 1.4 percent from the same month a year ago. In 2021, production began to drop for the first time.
Asia and Oceania produced the most steel, with 112.7 million tonnes produced in August of this year. With a production of 11.6 Mt, the EU-27 region was the second highest producer. North America came in third place with a total output of 10.2 Mt. Africa (1.3), CIS (8.8), Other Europe (4.5), Middle East (3.6), and South America (1.3) are the other areas’ production (in Mt) (4.0).
Except for Asia and Oceania, all areas saw an increase in crude steel output year over year. African output increased the greatest, by 38.2 percent over the previous month. The output of the North American and EU-27 areas increased by 24.4 percent and 27.1 percent, respectively. Production in the South American area increased by about 17.2 percent. In other parts of Europe, output increased by 11.7 percent. Over the previous year, the CIS region’s output increased by 3.6 percent. Production in the Middle East increased by 10.9 percent. The Asia and Oceania area, on the other hand, had a 7.3 percent drop in output year over year.
China was the world’s largest steel producer in August, with an output of 83.2 Mt.