[SMM Steel] worldsteel: Global steel output down 0.3% y-o-y in May

Published: Jun 24, 2026 16:17
[SMM Steel] Global crude steel output reached 157.9 million tonnes in May 2026 among the 70 countries reporting to the World Steel Association (worldsteel), down 0.3% year-on-year. Output for January-May totaled 773.1 million tonnes, a 1.5% decline. China remained the top producer with 84.4 million tonnes, down 2.7% y-o-y; India ranked second with 14.1 million tonnes, up 1.9%; the U.S. produced 7.5 million tonnes, up 9.2%. The CIS+Ukraine region produced 6.7 million tonnes, down 4.8% y-o-y. North America saw the strongest regional growth at +15.6% (10.1 million tonnes), while the Middle East recorded the steepest drop at -19.4% (3.9 million tonnes).

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
Surge in Port Arrivals Combined with Inventory Buildup at Ports, Significant Pullback in Hot Metal Production, and Iron Ore Most-Traded Contract Hitting a New Low in Over a Year [SMM Commentary]
11 hours ago
Surge in Port Arrivals Combined with Inventory Buildup at Ports, Significant Pullback in Hot Metal Production, and Iron Ore Most-Traded Contract Hitting a New Low in Over a Year [SMM Commentary]
Read More
Surge in Port Arrivals Combined with Inventory Buildup at Ports, Significant Pullback in Hot Metal Production, and Iron Ore Most-Traded Contract Hitting a New Low in Over a Year [SMM Commentary]
Surge in Port Arrivals Combined with Inventory Buildup at Ports, Significant Pullback in Hot Metal Production, and Iron Ore Most-Traded Contract Hitting a New Low in Over a Year [SMM Commentary]
11 hours ago
7.30 SMM Global Steel Daily Report
12 hours ago
7.30 SMM Global Steel Daily Report
Read More
7.30 SMM Global Steel Daily Report
7.30 SMM Global Steel Daily Report
On July 30 China's steel export prices were broadly weaker. Flat-product export prices edged down 2-3 USD/tonne day on day, with HRC transactions at 482-486 USD/tonne; domestically the meeting released no favourable news and futures fell sharply, and while overseas enquiries picked up somewhat, sentiment stayed largely wait-and-see, with price cuts unable to secure large volumes so export offers were lowered only modestly. Billet export offers at Jiangyin port were soft but steady at 450-455 USD/tonne FOB, as ferrous futures broke below the support level the market had expected and traders' willingness to hold prices firm waned, while overseas customers largely prefer buying on rallies rather than on dips. Rebar export prices at Tianjin port slipped 1 USD/tonne to 476-481 USD/tonne on transactions, with offers divided: some mills cut by 2-3 USD/tonne and drew only a few enquiries without concluding deals, while others opted to hold firm and kept prices flat.
12 hours ago
MMi Daily Iron Ore Report (July 30)
12 hours ago
MMi Daily Iron Ore Report (July 30)
Read More
MMi Daily Iron Ore Report (July 30)
MMi Daily Iron Ore Report (July 30)
The iron ore market showed a lackluster performance on the spot today. The DCE main contract I2609 closed at 715 yuan/ton, down 3.31% from the previous trading session.
12 hours ago