Steel production in Ukraine fell by 14% in May – Worldsteel
Metallurgical enterprises of Ukraine in May 2025 reduced steel production by 13.8% compared to the same period in 2024 – to 636 thousand tons from 738 thousand tons, and by 8.1% compared to the previous month, when 692 thousand tons were produced.
In the ranking of world manufacturers of these products, compiled by the World Steel Manufacturers Association (Worldsteel), Ukraine ranked 21st among 70 countries.
According to Worldsteel, in May 2025, steel production decreased by May 2024 in most of the top ten countries, except India, the United States, Iran and Brazil.
The top ten steel-producing countries in May are as follows: China – 86.550 million tons ("minus" 6.9 by May 2024), India – 13.542 million tons (+9.7%), USA – 6.985 million tons (+1.7%), Japan – 6.833 million tons (-4.7%), Russia – 5.8 million tons (-6.9%), South Korea – 5.080 million tons (-1.7%), Iran – 3.4 million tons (+4.5%), Turkey – 3.148 million tons (-2.8%), Germany – 2.983 million tons (-6.4%) and Brazil – 2.706 million tons (+5%).
In general, in May of this year, steel production decreased by 3.8% compared to the same period last year, to 158.775 million tons.
According to the results of five months of this year, the top ten steel-producing countries are as follows: China – 431.630 million tons (-1.7% compared to January-May 2024), India – 67.224 million tons (+8.2%), Japan – 33.832 million tons (-5.2%), USA – 33.388 million tons (+0.3%), Russia – 29.178 million tons (-5.2%), South Korea – 25.585 million tons (-3%), Turkey – 15.414 million tons (-1.4%), Germany – 14.429 million tons (-10.8%), Iran – 14.002 million tons (-5.3%) and Brazil – 13.662 million tons (+0.7%).
In five months of this year, Ukrainian steel production decreased by 2.5% compared to the same period last year, to 3.061 million tons from 3.139 million tons, and the country ranked 22nd.
Globally, in January-May 2025, steel production decreased by 1.3% compared to the same period in 2024, to 783.960 million tons.
As reported, by the end of 2024, the top ten steel-producing countries among 71 countries had the following type: China – 1 billion 5.090 million tons (-1.7%), India – 149.587 million tons (+6.3%), Japan – 84.009 million tons (-3.4%), the United States – 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%), the Russian Federation – 75.8 million tons (+5.6%), South Korea – 66.676 million tons (+1.3%), Germany – 35.438 million tons (-3.9%), Turkey – 33.714 million tons (-4%), Brazil – 31.869 million tons (-6.5%) and Iran – 31.139 million tons (+1.8%). In total, 71 countries produced 1 billion 849.734 million tons of steel in 2023.,