Global steel production reached 624.4 million tonnes (mnt) in January-April 2025, a marginal decline of 0.4% y-o-y, as per the World Steel Associations (WSA) recent report for April. The 69 countries that report to WSA accounted for 98% of global crude steel production in CY’24. In April, global production stood at 155.7 mnt, a 0.3% decrease compared to April 2024. In CY’24, world crude steel output had declined by 0.8% to 1,882.6 mnt, as per WSA data. Therefore, the declining trend is continuing even as the tariff war plays out on the global stage and trade uncertainty grips the market.
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