Naidu lays foundation for Rs 1.36 lakh crore AM/NS steel plant in Andhra Pradesh Fortescue warns diesel costs are surging as Iran war disrupts fuel supply routes GPIL approves Rs 7,000 crore integrated steel plant in Chhattisgarh
Global crude steel production softened in February 2026, showing that the recovery in steel demand remains uneven across major markets. Total world output fell 2.2% year on year to 141.8 million mt, while production for January-February slipped 1.5% to 298.2 million mt. Asia remained the largest producing region at 105.3 million mt, though China’s output dropped 3.6% to 76.1 million mt. India stood out with a 7.7% rise to 13.6 million mt, while Japan stayed flat and South Korea edged up slightly.
In Europe, EU-27 crude steel output declined 3.6% to 9.8 million mt, highlighting continued pressure on the region’s steel sector. Turkey, however, posted a 3.4% increase to 3 million mt, and Germany rose 4.8% to 2.8 million mt. The CIS saw a sharper drop of 10.5%, while North America recorded a modest 0.5% gain. The latest figures point to a global steel market still facing mixed regional demand, with India and Turkey offering some support against broader weakness.
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