Global steel production fell by 4.2% y/y in March
Published by
ScrapPrices
Published on April 23,2026 05:00 AM Steel
Global steel production in March 2026 fell by 4.2% year-over-year and rose by 12.8% month-over-month, reaching 159.9 million tons. This is according to the World Steel Association’s global ranking of steel-producing countries (69).
Global steel production fell by 4.2% y/y in March

Global steel production in March 2026 fell by 4.2% year-over-year and rose by 12.8% month-over-month, reaching 159.9 million tons. This is according to the World Steel Association’s global ranking of steel-producing countries (69).

Total steel production in the CIS countries and Ukraine decreased by 7.9% year-on-year and increased by 10% month-on-month – to 6.6 million tons. Steel output in Ukraine in March of this year increased by 27.6% year-on-year and by 36.4% month-on-month, reaching 702,350 tons.

According to World Steel, the top ten steel-producing countries in March were:

  • China – 87 million tons (-6.3% year-on-year);
  • India – 15.3 million tons (+9.4%);
  • United States – 7.2 million tons (+5.2%);
  • Japan – 6.9 million tons (-4.1%);
  • Russia – 5.4 million tons (-11.4%);
  • South Korea – 5.4 million tons (+1.5%);
  • Turkey – 3.3 million tons (+6.4%);
  • Germany – 3.3 million tons (+7.5%);
  • Brazil – 2.8 million tons (-2.5%);
  • Vietnam – 2.2 million tons (+5.7%).

According to first-quarter results, global steel production totaled 459.2 million tons (-2.3% y/y). In the CIS countries and Ukraine, 18.9 million tons of steel were produced during this period, which is 9.8% less than last year.

As reported by GMK Center, global steel production fell by 2% year-on-year in 2025, to 1.8 billion tons. Total steel production in the CIS countries and Ukraine declined by 4.4% year-on-year in 2025, to 81.3 million tons. China reduced output by 4.4% year-on-year (960.8 million tons), India increased it by 10.4% year-on-year (164.9 million tons), and the U.S. by 3.1% year-on-year (82 million tons).

Courtesy : https://gmk.center/en

MORE STEEL NEWS
May 13,2026 08:00 AM
Nippon Steel, Japan's biggest steelmaker, on Wednesday said it expects its net profit for the year that ends in March to increase sharply to 220 billion yen ($1.4 billion) as the effects of one-off losses fade from its results.
May 12,2026 06:00 AM
Baoshan Iron & Steel Co (Baosteel), the listed arm of the world’s top steelmaker China Baowu Steel Group, is raising its list prices for several major flat-rolled products, including hot-rolled coil (HRC), by Yuan 100/tonne ($14.7/t) for domestic sales in June, according to the company’s latest pricing announcement issued late on May 11.
May 11,2026 07:00 AM
Chinese steel prices are expected to continue strengthening in May, supported by the likely improvement in both market fundamentals and macroeconomic conditions, Mysteel's chief analyst Wang Jianhua predicts in his latest monthly outlook.