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Russia reduces steel output by 10.3% to 5.6 mln tons in September — WSA

According to the report by by the World Steel Association, steel production in Russia, Ukraine, and other CIS countries amounted to 6.8 mln tons in September 2024, which is 7.6% less than a year earlier

MOSCOW, October 22. /TASS/. Steel production in Russia in September 2024 decreased by 10.3% year-on-year and amounted to 5.6 mln tons, according to a report by the World Steel Association (WSA). Overall, in the first nine months of 2024, steel production in the country fell by 5.5% to 54 mln tons.

According to the association's report, China produced 71.1 mln tons in September, 6.1% less than a year earlier, and India - 11.7 mln tons (-0.2%). Steel production in Japan decreased by 5.8% to 6.6 mln tons, while in the United States it increased by 1.2% to 6.7 mln tons.

Steel production in Russia, Ukraine, and other CIS countries amounted to 6.8 mln tons in September 2024, which is 7.6% less than a year earlier. In January-September 2024, these countries produced 64.9 mln tons of steel (-2.5% year-on-year).

The countries of Asia and Oceania produced 105.3 mln tons in September, a decrease of 5%. EU countries produced 10.5 mln metric tons of steel, up 0.3% from a year earlier.

Steel production in the countries of North America decreased by 3.4% to 8.6 mln tons in September. South American countries produced 3.5 mln tons of steel (+3.3%) in the reporting period. The countries of the Middle East produced 3.5 mln tons of steel, representing a decline of 23% compared to September 2023.

Overall, global steel production in September 2024 was 143.6 mln metric tons, down 4.7% from a year earlier, according to the association's report.

The World Steel Association is one of the largest industry associations in the world. Its member companies account for approximately 85% of the world's steel production.