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Worldsteel forecasts world steel demand to rise 1.7% in 2024, 0.2% lower than October, 2023 forecast

April 10, 2024

In its latest Short Range Outlook (SRO) published yesterday, Worldsteel expects world steel demand in 2024 to reach 1,793 million tonnes. The new forecast lowers estimated demand growth between 2023 and 2024 from 1.9% in its October, 2023 SRO to 1.7% in the newly released figures. World steel demand is expected to grow by another […]

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China crude steel production rises 3.5% on February, 2023 to 81.2Mt

March 26, 2024

Worldsteel reported crude steel production in China at 81.2 million metric tonnes in February, 3.5% higher than in February, 2023. Chinese production in the first two months of 2024 was 1.8% lower than in the same period last year. Data from China’s General Administration of Customs show net finished steel exports (exports minus imports) for […]

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World crude steel production rises 3.7% on February, 2023 to 148.8Mt

March 25, 2024

Worldsteel published February world crude steel production on Friday. World crude steel output was 148.8 million metric tonnes, 3.7% higher than in February, 2023. China produced 81.2 million tonnes in February, accounting for 55% of world output and rising 3.5% compared to February, 2023. World crude steel production outside of China rose 3.9% on last […]

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US long products imports -15% on February 2023 and -16% on first two month of 2023

March 19, 2024

Based on reported import licenses, US long products imports fell 15% from 332,000 short tons in February 2023 to 281,000 tons in February 2024 (despite February 2024 having 1 more day). The decline was mainly due to lower rebar imports from Turkey and Algeria. US long products imports in the first two months of 2024 […]

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US flat products imports rise 27% on February, 2023 to 697kt

March 12, 2024

Based on reported import licenses, US flat products imports rose 27% from 548,000 short tons in February, 2023 to 697,000 tons in February, 2024. The increase was mainly due to higher hot dip galvanized imports from Canada, South Africa, Vietnam, Austria and the UAE. Cold rolled imports also rose significantly from Australia and Canada. US […]

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World crude steel production falls 1.6% on January, 2023 to 148.1Mt

February 23, 2024

Worldsteel published January, 2024 world crude steel production today. World steel output was 148.1 million metric tonnes, 1.6% lower than in January, 2023. China produced 77.2 million tonnes in January, accounting for 52% of world output and falling 6.9% compared to January, 2023. In other parts of Asia, Indian crude steel production rose 7.3% on […]

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