In May this year, total crude steel production in the top 60 steel-producing countries was about 169.5 million tonnes, up 3.7% m/m compared to April and down 3.5% y/y.
World crude steel production in the first five months of this year amounted to 792.4 million tons, down 5.1% compared to the same period last year.
The total output of Asian countries has increased steadily, while the output of Europe has increased slightly, with the exception of Germany, where output has been declining from month to month.
Turkey's crude steel production fell the most in the world in May due to economic pressure in the country. At present, world steel prices are continuously falling, and market sentiment is somewhat pessimistic.
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Metallurgy news
- 24 March 2026
17:00 Alexander Julius: EU measures on steel and CBAM stimulate price growth 17:00 Global steel production decreased by 2.2 percent in February 2026 16:00 Lars Hillmann: EU will replace protective measures with permanent measures on steel trade 16:00 Cosmin Bakai: The European car supply chain is under pressure from China, low growth rates and increased import of components 15:00 Anyl Akalin: CBAM will increase costs and put pressure on exports to the EU 15:00 Hakan Aran: Turkey may be among the winners in the world steel ranking 14:00 Murat Erilmaz: Turkey's steel sector faces weak demand and high costs 14:00 Tolga Yalgı: Competition is no longer between companies, but between the industrial policies of countries
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