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According to the World Steel Association, global crude steel production fell 1.3% year-on-year in July 2025, reaching 150.1 million tonnes. The decline reflects weaker demand in key markets and policy pressures on emissions.
China, which produces more than half of the world’s steel, recorded a 4% drop, as slowing demand from real estate, construction, and manufacturing weighed heavily on output. Efforts to limit carbon emissions also contributed to reduced production.
While the European Union and Japan posted further contractions, India continued to expand production, consolidating its position as the world’s second-largest steel producer. Industry experts suggest that India’s growth reflects strong infrastructure spending and domestic demand.
Analysts highlight that near-term demand remains subdued, but structural investments in green steel and global infrastructure projects could support recovery in the medium term.
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