Data News #production

27 February 2025: In January 2025, global steel output declined by 4.4% year-on-year, to 151.4 million tonnes (Mt), owing to weak market fundaments in the major markets. Production rates in Asia fell by 4.4%, to 111.9 Mt, while in the European Union – by 3.3%, reaching 10.3 Mt. North America's crude steel output inched down by 0.5%, to 9.0 Mt.

6 February 2025: Turkish steelmakers raised exports of steel products by 27.6% in 2024 from a year earlier, to 13.4 Mt, owing to increased appetite in the European Union, where they shipped 5.9 Mt during this period, up 64.6% year-on-year.

05 February 2025: The UK steel industry experienced a significant decline in production last year, primarily due to a transition to electric arc steelmaking, intense competition from overseas, and high input costs.

17 January 2025 : China’s steel export hit a 9-year high of about 110 Mt in 2014, up 22.7% on the previous year, following 25.9% and 15.9% increases in overseas shipments in December and November, respectively.

14 December 2024: China has released its export figures for November, which rose by 15.9% year-on-year, to 9.28 MT, while over the first eleven months of 2024 overseas supplies of finished steel surged by 22.6%, to 101.15 MT. This indicates that the country’s export shipments are close to reaching the record high of 2015, when they totalled around 110 MT.

6 December 2024: In October, Turkey’s steel imports surged by 39.8% compared to the same month last year, reaching 1.7MT amid firm local prices while overseas suppliers, mainly in Asia, continued lowering offers in response to weakening market conditions in the third quarter of 2024.

15 November 2024: The extended stagnation period in the Chinese steel market forced producers to aggressively seek sales overseas, attracting buying interest in the Asian and MENA regions amid low prices.

8 November 2024: Turkish steel suppliers maintained high export volumes in September compared to the previous year, benefiting from increased competitiveness in Europe and North America. Meanwhile, China continued to focus on the Asian and Middle Eastern markets due to slow local demand.

25 October 2024: Global crude steel output fell by 4.7% in September compared to the same month in 2023, to 143.6 MT amid a prolonged downturn in the industry.

18 October 2024: The situation in the steel market remained challenging, with the major global exporters aggressively expanding exports.