April witnesses 5% dip in global steel output
Steel

April witnesses 5% dip in global steel output

In April 2024, global crude steel output experienced a decline of 5 per cent, amounting to 155.7 million tonnes (mt), compared with the 164 mt recorded in the corresponding period the previous year. According to the World Steel Association (worldsteel), China, the leading producer, witnessed a decrease in output to 85.9 mt in April, marking a 7.2 per cent decline from the previous year. India, on the other hand, reported a 3.6 per cent increase in production, reaching 12.1 mt.

There was a significant increase in production in Germany, which saw a surge of 6.4 per cent, totaling 3.4 mt. Similarly, Turkiye experienced a 4.5 per cent surge in production, reaching 2.8 mt. Conversely, Iran's output decreased by 12.3 per cent to 2.7 mt, and South Korea witnessed a production decline of 10.4 per cent to 5.1 mt. Russia's production decreased by 5.7 per cent to 6.2 mt. The United States and Japan observed a decline in output by 2.8 per cent and 2.5 per cent, respectively, reaching 6.7 mt and 7.1 mt. Brazil's production also experienced a slight decrease of 2.1 per cent, amounting to 2.7 mt.

Regionally, Africa saw a 1.4 per cent increase in output, while the EU experienced a 1.1 per cent increase. However, Europe (Others) witnessed a decrease of 2.6 per cent in output. The steel production in Asia and Oceania plunged by 5.8 per cent. In West Asia, production plummeted by 8.2 per cent, and North America's output slipped by 5.2 per cent. South America's steel production decreased by 3.9 per cent compared to April 2023 figures. Russia and other CIS nations saw a decline of 3.5 per cent in their figures.

The World Steel Association, in its short-range outlook, forecasted that demand would see a 1.7 per cent rebound this year, reaching 1,793 mt. Steel demand is predicted to grow by 1.2 per cent in 2025, reaching 1,815 mt.

In April 2024, global crude steel output experienced a decline of 5 per cent, amounting to 155.7 million tonnes (mt), compared with the 164 mt recorded in the corresponding period the previous year. According to the World Steel Association (worldsteel), China, the leading producer, witnessed a decrease in output to 85.9 mt in April, marking a 7.2 per cent decline from the previous year. India, on the other hand, reported a 3.6 per cent increase in production, reaching 12.1 mt. There was a significant increase in production in Germany, which saw a surge of 6.4 per cent, totaling 3.4 mt. Similarly, Turkiye experienced a 4.5 per cent surge in production, reaching 2.8 mt. Conversely, Iran's output decreased by 12.3 per cent to 2.7 mt, and South Korea witnessed a production decline of 10.4 per cent to 5.1 mt. Russia's production decreased by 5.7 per cent to 6.2 mt. The United States and Japan observed a decline in output by 2.8 per cent and 2.5 per cent, respectively, reaching 6.7 mt and 7.1 mt. Brazil's production also experienced a slight decrease of 2.1 per cent, amounting to 2.7 mt. Regionally, Africa saw a 1.4 per cent increase in output, while the EU experienced a 1.1 per cent increase. However, Europe (Others) witnessed a decrease of 2.6 per cent in output. The steel production in Asia and Oceania plunged by 5.8 per cent. In West Asia, production plummeted by 8.2 per cent, and North America's output slipped by 5.2 per cent. South America's steel production decreased by 3.9 per cent compared to April 2023 figures. Russia and other CIS nations saw a decline of 3.5 per cent in their figures. The World Steel Association, in its short-range outlook, forecasted that demand would see a 1.7 per cent rebound this year, reaching 1,793 mt. Steel demand is predicted to grow by 1.2 per cent in 2025, reaching 1,815 mt.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

Vedanta Metal Bazaar Expands to Global Markets

Vedanta Aluminium has expanded its digital e-commerce platform, Vedanta Metal Bazaar, to international markets, enabling overseas customers to order and purchase aluminium products online.The platform will now be available to buyers across Asia, Europe, Africa and the Americas, providing a digital gateway for export transactions with 24x7 access.In FY26, Vedanta Metal Bazaar processed transactions worth nearly $4.1 billion, or over Rs 380 billion, and fulfilled more than 23,000 orders. The platform is also used regularly by more than 550 MSMEs in India alongside large OEM customers.The export ..

Next Story
Infrastructure Urban

Ramky Infrastructure Q1 FY27 Revenue Rises 24.3%

Ramky Infrastructure Limited reported a 24.3% year-on-year increase in consolidated revenue from operations to Rs 471.2 crore for Q1 FY27, compared with Rs 3.79 billion in the corresponding quarter of FY26.Standalone revenue from operations rose 27.5% YoY to Rs 4.51 billion from Rs 3.54 billion, while total standalone income increased 35% to Rs 5.32 billion.Consolidated profit before tax stood at Rs 540.9 million during the quarter. The company highlighted a sharp sequential improvement compared with a pre-exceptional loss of Rs 190.1 million in Q4 FY26.Two of the three projects awarded during..

Next Story
Technology

LTTS Launches AgenticIQ AI Platform for Engineering

L&T Technology Services (LTTS) has launched AgenticIQ, an end-to-end agentic AI platform designed for engineering and manufacturing organisations.The platform is aimed at helping enterprises move beyond isolated AI pilots by enabling autonomous, multi-agent workflows across engineering, product development, manufacturing, industrial operations and customer experience.AgenticIQ is built on LTTS’ Engineering Intelligence portfolio and converts existing engineering capabilities into specialised, reusable AI agents. Its planning-first architecture is embedded into engineering and production ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement