Govt Enforces ‘Melt and Pour’ Rule for All Steel in Public Projects Nippon Steel expected to finalize U.S. Steel acquisition at $55 per share NMDC Limited reports a 38% drop in Q4 FY24 consolidated net profit RINL to Raise $23 Million Through Land Sales Amid Crisis
The steel industry is heating up in 2025 — but not just from furnaces. Global players are adjusting strategies amid fluctuating demand, environmental pressure, and production shifts. Whether you're a steel buyer, supplier, or just tracking the sector, here’s everything you need to know about the latest global steel production insights.
📌Global Crude Steel Output in 2024
According to the latest data, total global crude steel production in 2024 hit 1.84 billion tonnes, showing a slight decline from the previous year. Here's the leaderboard:
🌐 Country Production (Million Tonnes)
🇨🇳 China 1005.1
🇮🇳 India 149.6
🇯🇵 Japan 84.0
🇺🇸 USA 79.5
🇷🇺 Russia 70.7
China alone contributed more than half of the world’s steel output, making it the undisputed giant in the market.
🔍 If you're searching for “top steel producing countries 2024” — this is your list.
🚀 2025 Outlook: Early Growth but Mixed Signals
Data from March 2025 suggests a cautious rebound:
Country Mar-2025 Output (MT) YoY Growth (%)
China 92.8 +4.6%
India 13.8 +7.0%
Japan 7.2 +0.2%
USA 6.7 −1.5%
Russia 6.2 −3.2%
Regionally, Asia & Oceania saw the biggest jump (+3.9%), indicating where the momentum is heading.
📊 Projected Global Production for 2025
Forecasts show that crude steel production may reach 1.846 billion tonnes in 2025. That’s slightly conservative given rising input costs and inconsistent demand across Europe and North America.
🔍 Keyword Optimized Insight: Looking for “2025 global steel production forecast”? This number’s your anchor.
♻️ But Wait — There’s a Climate Warning Too
While output is stabilizing, environmental red flags are rising. In India and China, massive investments in coal-based blast furnaces are setting back the global steel industry’s climate goals. Despite calls for green steel and net-zero, expansion in these regions signals a troubling trade-off between capacity and climate.
💡 SteelBazaar Insights for Buyers & Sellers
Whether you're sourcing Hot Rolled Coils, Galvanized Sheets, or Scrap, here’s how to stay smart:
Watch India & China for pricing trends — both supply surges and policy changes can shake global rates.
Plan for sustainability shifts — ESG compliance may soon impact trade and financing.
Use marketplace intelligence — Platforms like SteelBazaar offer real-time visibility into pricing, stock, and leads.
📢 Final Take: Why It Matters for the Steel Ecosystem
From Raipur to Rotterdam, steel is more than just metal — it’s a barometer of industrial health. The shifts in 2024–2025 steel production highlight not just where we are, but where we’re headed: a world balancing between growth and green accountability.
Also Read : The Impact of Chinese Steel Exports on Indian Companies Steel & Raw Material Price Trends in FY'25: What Drove the Market?