Global Steel Production Declines, But Brazil’s Output Rises
The World Steel Association reported a 4.7% decline in global crude steel production in September compared to the previous year, reaching 143.6 million metric tons.
This decrease reflects a broader trend in the industry, with various countries experiencing shifts in their steel output. China, the world’s largest steel producer, saw its production drop by 6.1% to 77.1 million metric tons.
This decline aligns with the ongoing slowdown in the real estate sector. Analysts predict that China’s share of global steel consumption will fall below 50% in 2024.
However, increased government support could potentially boost steel demand by 2025. Contrastingly, Brazil’s steel production rose by 9.9%, reaching 2.8 million metric tons.
This growth highlights Brazil’s strengthening position in the global steel market. Other countries showed varied results in their steel production.
Iran’s output fell by 41.2% to 1.5 million metric tons, while India produced 11.7 million metric tons, a slight decrease of 0.2%. Japan’s production dropped by 5.8% to 6.6 million metric tons.
In North America, the United States increased its production by 1.2%, totaling 6.7 million metric tons. Russia experienced a significant reduction of 10.3%, producing 5.6 million metric tons.
South Korea saw a modest increase of 1.3% in its steel output, reaching 5.5 million metric tons. Germany and Turkey also reported increases; Germany produced 3.0 million tons, up by 4.3%, and Turkey produced 3.1 million tons, up by 6.5%.
These figures illustrate the dynamic nature of global steel production and underscore the varying economic conditions influencing each country’s industrial output.
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+0.47%
205,082.56
+0.47%
69,678.08
-0.30%
10,746.36
-0.31%
3,017,221
—
2,540.10
+0.46%
57,021.19
+0.13%
| Instrument | Last | Change | YoY | Prev. | High | Low | Volume |
|---|---|---|---|---|---|---|---|
| IBOV | 205,082.56 | +0.47% | +21.85% | 204,120.12 | 168,310 | 167,142 | — |
| USD/BRL | 5.16 | +0.01% | -5.13% | 5.16 | 5.18 | 5.14 | — |
| SELIC | 14.00% | — | — | — | — | — | |
| PETR4 | 41.64 | -0.05% | +35.19% | 41.66 | 41.97 | 41.15 | 41,499,400 |
| VALE3 | 72.97 | +0.83% | +30.75% | 72.37 | 73.54 | 72.66 | 17,658,000 |
| ITUB4 | 38.60 | -1.03% | +4.57% | 39.00 | 39.34 | 38.39 | 29,487,800 |
| BBDC4 | 16.85 | +0.36% | +3.50% | 16.79 | 16.90 | 16.67 | 19,416,900 |
| BBAS3 | 19.37 | +0.47% | +0.73% | 19.28 | 19.44 | 19.16 | 11,069,200 |
| B3SA3 | 14.26 | -0.21% | +12.73% | 14.29 | 14.47 | 14.11 | 33,037,800 |
| ABEV3 | 14.89 | -0.80% | +21.91% | 15.01 | 15.07 | 14.81 | 16,453,100 |
| WEGE3 | 47.59 | +0.49% | +29.99% | 47.36 | 48.08 | 47.36 | 3,364,600 |
| PRIO3 | 59.14 | -0.19% | +50.67% | 59.25 | 59.81 | 58.74 | 3,325,600 |
| SUZB3 | 41.33 | +2.35% | -23.55% | 40.38 | 41.48 | 40.35 | 3,914,900 |
| RENT3 | 34.68 | -0.09% | +0.84% | 34.71 | 34.96 | 34.35 | 7,979,100 |
| AZZA3 | 15.89 | -2.63% | -53.76% | 16.32 | 16.42 | 15.82 | 1,330,300 |
| CSNA3 | 4.30 | +0.47% | -42.65% | 4.28 | 4.41 | 4.26 | 10,076,100 |
| GGBR4 | 24.69 | +2.19% | +51.38% | 24.16 | 24.85 | 24.18 | 7,047,600 |
| ENEV3 | 24.21 | -1.38% | +70.49% | 24.55 | 24.64 | 23.99 | 9,297,000 |
This article was produced by The Rio Times’ automated newsroom system. How we use AI · Report an error · Editorial responsibility: Matthias Camenzind, Editor-in-Chief
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