Global Crude Steel Production Rises 2.2% in August, While Turkey Experiences Decline

Global crude steel production in August reached 152.6 million tons, marking a 2.2 percent increase compared to the same period the previous year, as announced by the World Steel Association (Worldsteel). However, Turkey experienced a decline in crude steel production by 12.1 percent over the January to August 2023 period.

China’s crude steel production rose by 3.2 percent, reaching 86.4 million tons during this period. India’s production also witnessed significant growth, increasing by 17.4 percent to reach 11.9 million tons. Meanwhile, Japan reported a 2.9 percent decrease in production, down to 7.1 million tons. In the USA, production increased by 1.1 percent to 7.0 million tons, and Russia’s production showed an 8.9 percent increase, reaching 6.4 million tons.

Turkey’s crude steel production remained at 2.8 million tons, experiencing a slight decrease of 2.9 percent.

For the first 8 months of the year, global crude steel production saw a marginal increase of 0.2 percent, totaling 1.256.4 million tons. In contrast, Turkey’s production declined by 12.1 percent, falling to 1.6 million tons during the same period