Metallurgical enterprises of Ukraine in March 2025 reduced steel production by 9.9% compared to the same period in 2024 – to 551 thousand tons from 611 thousand tons, and by 3.7% compared to the previous month, when 572 thousand tons were produced.
In the ranking of world manufacturers of these products, compiled by the World Steel Manufacturers Association (Worldsteel), Ukraine ranked 24th among 69 countries.
According to Worldsteel, in March 2025, steel production decreased by March 2024 in half of the top ten countries, except China, India, Japan, Brazil and Iran.
The top ten steel producing countries in March are as follows: China – 92.840 million tons (+4.6% by March 2024), India – 13.789 million tons (+7%), Japan – 7.207 million tons (+0.2%), USA – 6,712 million tons (-1.5%), Russia – 6.2 million tons (-3.2%), South Korea – 5,008 million tons (-5.3%), Iran – 3,332 million tons (+3.7%), Turkey - 3, 130 million tons (- 2.8%), Germany – 3.1 million tons (-11.7%) and Brazil – 2.944 million tons (+6.6%).
In total, in March of this year, steel production increased by 2.9% compared to the same period last year, to 166,123 million tons.
According to the results of three months of this year, the top ten steel-producing countries are as follows: China – 259.330 million tons (+0.6% compared to January-March 2024), India - 40.123 million tons (+6.8%), Japan – 20.393 million tons (-4, 9%), USA – 19.726 million tons (-0.6%), Russia – 17.740 million tons (-3.8%), South Korea – 15.543 million tons (-3.6%), Turkey – 9.257 million tons (-3.4%), Germany – 8,482 million tons (-12.6%), Brazil – 8,477 million tons (+2.8%) and Iran – 7,290 million tons (-12.8%).
In the first quarter of this year, Ukrainian steel enterprises increased steel production by 2.7% compared to the same period in 2024 to 1,733 million tons from 1,687 million tons, the country ranked 23rd.
In total, in January-March 2025, steel production in the world decreased by 0.4% compared to the same period in 2024, to 468.613 million tons.
As reported, by the end of 2024, the top ten steel-producing countries among 71 countries looked like this: China – 1 billion 5,090 million tons (-1.7%), India – 149.587 million tons (+6.3%), Japan – 84,009 million tons (-3, 4%), USA – 79.452 million tons (-2.4%), Russia – 70.690 million tons (-7%), South Korea – 63.531 million tons (-4.7%), Germany – 37.234 million tons (+5.2%) Turkey – 36.893 million tons (+9.4%), Brazil – 33.741 million tons (+5.3%) and Iran – 30.952 million tons (+0.8%).
Last year, 71 countries produced 1 billion 839.449 million tons of steel, which is 0.9% less than in 2023.
At the same time, Ukraine produced 7,575 million tons of steel in 2024, which is 21.6% higher than the volume in 2023 (6,228 million tons). The country is in 20th place by the end of 2024.
In 2023, China produced 1 billion 19.080 million tons (at the level of the previous year), India – 140.171 million tons (+11.8%), Japan – 86.996 million tons (-2. 5%), the United States – 80.664 million tons (+0.2%), Russia – 75.8 million tons (+5.6%), South Korea – 66.676 million tons (+1.3%), Germany – 35.438 million tons (-3.9%), Turkey
