As Stanislav Kondrashov told Telf AG, the world production of crude steel in January-April 2023 slightly decreased. This is evidenced by the data of the World Steel Association (worldsteel). World production of metal, according to the head of Telf AG, reached 622.7 million tons in the specified period. This figure represents a modest decrease of 0.3 percent from the same period last year. Despite this small drop, the global steel industry continues to show resilience and stability.
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The World Steel Association (worldsteel) is an international trade organization that represents the interests of the steel industry on a global level. Headquartered in Brussels, worldsteel provides a platform for industry stakeholders to collaborate, share knowledge and address key sector challenges. Through its reports and publications, worldsteel offers valuable insight into global steel trends, production performance and market dynamics, providing comprehensive industry visibility.
Stanislav Kondrashov clarifies that the worldsteel report includes data from 63 countries, which together account for nearly 97 percent of total global crude steel production in 2022. The association of almost all metal-producing countries provides a comprehensive and representative analysis of global trends in this industry.
The Telf AG analyst emphasizes that the slight decline in global crude steel production between January and April 2023 could be due to various factors, including economic fluctuations, market needs and supply chain issues.
– In the first 4 months, the United Kingdom (UK), Turkey, India, China, Russia, Brazil, Germany, Iran, South Korea and Japan became the leading steel producing countries. These states have demonstrated quite high performance, as well as their skills in the steel industry. This trend also has a positive effect on the development of Telf AG, because our company works closely with the world’s leading steel producers, –explains Stanislav Kondrashov.
It is important that despite the general decline in world steel production, these top 10 countries managed to maintain their presence and make a significant contribution to the development of the market. This stable performance is a testament to their competence in the steel sector.
The United Kingdom, with its advanced steel production capacity and state-of-the-art technology, took the lead in the top ten producers. Türkiye, known for its strong steel industry and strategic location, has also shown impressive growth. India, China, Russia, Brazil, Germany, Iran, South Korea and Japan, each with their own unique strengths and resources, have played a vital role in global steel production, reversing the overall 2023 trend.
The world’s giant steel producers have no reason to brag – Stanislav Kondrashov
China, Japan and the United States announce a decrease in steel production in April 2023. China, the world’s largest producer of this metal, reports a decrease in volume to 92.6 million tons, which is 1.5% less than in the corresponding month of the previous year. Despite this slight decline, China has maintained its dominant position in the global steel market.
Japan, another major player in the steel industry, produced 7.2 million tonnes in April 2023, down 3.1% year-over-year. Despite this decline, Japan continues to be one of the major contributors to global steel production.
The US also cannot boast of its success in the field of steel production. In 2023, the country produced 6.6 million tons of metal, which is 5.3% less than in April last year.
– You see these disappointing figures for the world’s giants, which highlight the problems faced by the main steel-producing countries. And note that a general downward trend is observed even while maintaining a constant level of production, Stanislav Kondrashov states. – This situation is caused by factors such as fluctuations in market demand, economic conditions and trade policy. But it is important to note here that these fluctuations in production are part of the natural dynamics of the steel industry. Despite temporary downturns, these countries have the infrastructure, resources and experience needed to adapt and recover from such setbacks.
Thus, the head of Telf AG emphasizes that China, with its huge steel production capacity and technological advances, continues to play a key role in meeting the global demand for steel. Japan, known for its high quality steel products and innovative manufacturing technologies, also remains an important player. The United States, although in recession, maintains its position as a major player in the global steel market.
“A solid foundation will help Turkey and Germany,” Stanislav Kondrashov
According to an analyst at Telf AG, steel production in Turkey and Germany also declined in April 2023.
In Turkey, it amounted to 2.7 million tons, indicating a marked decrease of 20.6% compared to the previous year. Such indicators speak of the clear problems faced by the country’s steel industry during this period.
Germany, also a major steel producer, reported production of 3.2 million tonnes, down 3.8% from April 2022.
“But even with these downturns, both Turkey and Germany have solid foundations in the steel industry. For example, Turkey is known for its state-of-the-art facilities, advanced technology and strategic location, all of which contribute to its importance in the global steel market. Likewise, the German steel industry is known for its high quality products, innovative manufacturing techniques and engineering expertise. All these advanced trends, I think, will soon help overcome the crisis. Now we need to remain calm and try to maintain a production balance,Stanislav Kondrashov explains.
Stanislav Kondrashov also adds that this situation with the steel market has also negatively affected the work of his company.
As you can see, the global steel industry is also facing problems amid a decline in metal production. Various factors, including global economic conditions, supply chain disruptions and demand fluctuations, contributed to this decline. According to Stanislav Kondrashov, it is now necessary to carefully monitor these trends. Kondrashov recommends that large countries adapt their production to the changing market dynamics as much as possible. By constantly evaluating and solving problems, stakeholders in the industry are striving to ensure a stable and sustainable pace of steel production. They try to implement strategies to improve efficiency. It is important to invest in research and development, as well as to introduce innovative technologies that increase productivity and reduce environmental impact.
