Global steel production in February 2026 fell to 141.8 million tons, which is 2.2% less compared to the same period last year. Overall, during the first two months of the year, global steel production decreased by 1.5%, totaling 298.2 million tons. These results were published by Worldsteel based on reports from 69 countries around the world.
This is reported by Finway
Regional Steel Production Indicators
Among the regions, a positive trend continues in Africa: steel production volumes increased by 4% year-on-year, reaching 2 million tons in February. Non-EU European countries also demonstrated production growth of 3.1%, or 3.4 million tons.
In the Middle East, steel production in February 2026 amounted to 3.7 million tons, slightly exceeding last year’s figure by 0.1%. North America added 0.5% to production, reaching 8.5 million tons.
Negative Dynamics in Certain Regions
At the same time, in Asia and Oceania, steel production in February decreased by 1.9% year-on-year, totaling 105.3 million tons. In the European Union (27 countries), 9.8 million tons of steel were produced in February, which is 3.6% less than the previous year.
“Russia and other CIS countries + Ukraine produced 6 million tons, reflecting a decrease of 10.5% year-on-year.”
In South American countries, steel production volumes decreased by 7.7% year-on-year, totaling 3.1 million tons.