Raw Steel: World Production By Country Or Locality

This table presents detailed data on the production of raw steel by country or locality over a five-year period from 2019 through 2023, measured in thousand metric tons. This information is crucial for understanding global industrial capacity and economic health, as steel production is a key indicator of manufacturing activity and infrastructure development. Steel is foundational to numerous sectors including construction, automotive, and machinery, making these production figures essential for policymakers, investors, and industry stakeholders to assess market trends, supply chain dynamics, and competitive positioning in the global steel industry.

Analysis of the data reveals that China remains the dominant steel producer, with output exceeding one billion metric tons annually, reaching approximately 1,019,081 thousand metric tons in 2023. India shows a strong upward trend, increasing production from 111,351 thousand metric tons in 2019 to 140,762 thousand metric tons in 2023, reflecting rapid industrial growth. The United States also maintains a significant production level, with a slight increase from 80,500 thousand metric tons in 2022 to 81,400 thousand metric tons in 2023. Notably, Ukraine’s steel production sharply declined from 21,366 thousand metric tons in 2021 to just 6,228 thousand metric tons in 2023, likely impacted by geopolitical factors. Other countries such as Indonesia and Saudi Arabia have shown consistent growth, with Indonesia’s production rising from 15,568 thousand metric tons in 2022 to 16,800 thousand metric tons in 2023, and Saudi Arabia increasing from 9,860 to 9,940 thousand metric tons over the same period. Overall, global raw steel production remained relatively stable around 1.89 billion metric tons in 2023, indicating a steady demand despite regional fluctuations.