Russia increased steel production by 5.6% in 2023

Russia increased steel production by 5.6% in 2023

It amounted to 75.8 million tons

Steel production in Russia in 2023 amounted to 75.8 million tons, which is 5.6% more than a year earlier, according to a report by the World Steel Association.

In total, reporting countries produced 1.849 billion tons of steel in 2023, which is 0.1% less than in 2022.

In the reporting period, China produced 1.019 billion tons of steel (an increase of 0.1% compared to 2022), India - 140.2 million tons (an increase of 11.8%). Japan's steel production during the reporting period amounted to 87 million tons (2.5% less than a year earlier). The United States produced 80.7 million tons in 2023, increasing production by 0.2%. Turkey's steel output amounted to 33.7 million tons (-4%), Iran - 31.1 million tons (+1.8%).

Steel production in Russia in December 2023 amounted to 6 million tons, which is 4.3% more than a year earlier.

At the same time, China produced 67.4 million tons of steel in December (a drop of 14.9% compared to the same period in 2022), India - 12.1 million tons (a 9.5% increase). Japanese steel production during the reporting period amounted to 7 million tons (+1.1%). The United States produced 6.8 million tons in December, increasing production by 7.6%.

The World Steel Association is one of the largest industrial associations in the world. Its member companies provide about 85% of global steel production.

29.01.2024

29.01.2024 10:04
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