Global steel output experiences lift in October

Steel production in leading scrap importer Turkey returns to 3 million metric tons in October 2023.

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Turkish mills made 3.0 million metric tons of steel this October, marking a 4.2 percent rise from output in October of 2022.
Photo courtesy of SSAB

The world’s melt shops produced slightly more steel this October than in the prior month and compared with October 2022, according to the Brussels-based World Steel Association (Worldsteel).

World crude steel production for the 71 countries reporting to the Worldsteel was 150 million metric tons in October 2023, representing a 0.6 percent increase compared with October 2022.

Output also rose about 0.5 percent compared with the prior month, when the world’s steel-producing furnaces made 149.3 million metric tons of crude steel.

Of interest to scrap processors and exporters, Turkish mills, predominantly scrap-fed electric arc furnace (EAF) facilities, made 3 million metric tons of steel this October. That marks a 4.2 percent rise from output in October of 2022 and represents boosted output from the 2.9 million metric tons of the previous month.

India, another leading importer of ferrous scrap from other countries, made 12.1 million metric tons of steel this October, which is a 15.1 percent rise in output from one year earlier. The nation’s mills also made 4.3 percent more steel than the previous month.

Output in the U.S. increased slightly this October compared with the previous month (6.8 million metric tons versus 6.7 million) and by 3.4 percent compared with October of last year.

The Washington-based American Iron and Steel Institute (AISI) indicates that positive momentum is continuing into November. In the week ending Nov. 18, domestic steel output of 1.696 million tons is up by 0.8 percent from the previous week and represents an encouraging 6.4 percent increase in output from the comparable week last year, AISI says.

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Europe’s leading steel producer, Germany, remains mired in a slump. Its mills made about the same amount of steel this October as in the prior month, about 2.9 million metric tons. Its October output was down 8.8 percent compared with October 2022, however, and the nation has made 4.1 percent less steel year to date than it did in the first 10 months of 2022, according to Worldsteel.

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