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Worldsteel reported crude steel production in China at 78.9 million metric tonnes in February, 3.3% lower than in February, 2024. Chinese production in the first two months of 2025 was 4.5% lower than in the same period last year.
Data from China’s General Administration of Customs show net finished steel exports (exports minus imports) for January and February, 2025 at 15.9 million tonnes, 8% higher than in the same two months of 2024.
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At the forefront of the European steel industry’s decarbonization is SSAB‘s HyBrit process. On The Green Steel Challenge podcast episode released today, Martin Pei explains exactly how SSAB is leading the steelmaking process transition away from the blast furnace route and how research and collaboration is allowing them to produce a cost-competitive decarbonized steel product.
The Green Steel Challenge podcasts are produced by the Korf Foundation and Kallanish Commodities and the discussion is all about how exactly we can deliver Green Steel. The next podcast guest will be Pierre-Etienne Franc, Co-founder & CEO, Hy24, viewable on April 8th.
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Worldsteel published February world crude steel production today. World crude steel output was 144.7 million metric tonnes, 3.4% lower than in February, 2024.
China produced 78.9 million tonnes in February, accounting for 55% of world output and declining 3.3% compared to February, 2024. World crude steel production outside of China fell 3.5% on last February. Significant declines outside China came from Japan (-8.5%), Iran (-21.8%), the US (-7.0%) and Germany (-13.5%). In contrast, Indian output rose 6.3%.
Crude steel production in the first two months of 2024 was also 3.4% lower than in the same period last year.
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Based on reported import licenses, US long products imports fell 22% from 314,000 short tons in February 2024 to 243,000 tons in February 2025 (though February 2025 had 1 less day). The decline was mainly due to lower rebar imports from Algeria.
Despite imports dropping between February 2024 and February 2025, US long products imports in the first two months of 2025 were 23% higher than in the same period last year. This was the result of an import surge of 77% between January 2024 and 2025 (see chart below). The increase between the first two months of both 2024 and 2025 was due to a 50% increase in rebar imports and a 23% increase in wire rod imports.
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In the newest episode of The Green Steel Challenge, released today, Tenova‘s CEO Roberto Pancaldi explains how his company is focussed on exactly the steelmaking technologies which are leading the effort towards steel decarbonization. You’ll hear about the evolution of electric arc furnace technology, their specialty, but also about what’s new in hydrogen and DRI production, and which steelmaker is likely to be the first commercial-volume submerged arc furnace producer.
The Green Steel Challenge podcasts are produced by the Korf Foundation and Kallanish Commodities and the discussion is all about how exactly we can deliver Green Steel. The next podcast guest will be Martin Pei, Executive Vice President & CTO, SSAB, viewable on March 25th.
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