Global steel production rose 3.2% from December to January, up to 145.3 million metric tons in the latest summary issued by the World Steel Assn. The January tonnage also represents a -3.3% decrease in output from the January 2022 result.Among the top steelmaking nations, China’s 78.5 million metric tons produced in January represent a 2.0% rise over December’s result and a 2.3% increase over the January 2022 total.
Indian steelmakers produced 10.9 million metric tons during January, 2.8% more than in December but slightly below (-0.2%) the year-ago result.
Japan, the world’s third-largest steel-producing nation, had January output of 7.2 million metric tons, 4.2% higher than the December total but down -6.9% below the January 2022 figure.
Steelmakers in the U.S. produced 6.5 million metric tons (7.2 million short tons) during January, the same total they produced for
World Steel’s monthly summary tracks the total of carbon steel produced in basic-oxygen or electric arc furnaces and cast into semi-finished forms like billets for bar and rod products; slabs for flat products; or blooms, for beam and pipe products. Specialty and stainless steel volumes are accounted for separately.