Global crude steel production fell 1.5% y-o-y to 1,251.1 million tonnes (mnt) over January-August 2024, as per worldsteel data. In August 2024 alone, production fell a sharper 6.5% y-o-y. Within the top six producing countries, only India showed an increase in this period while the balance five continued to show a decline, a trend seen since March this year. South Korea fell the most, by 5.5%, while Turkey, though not among the top six, continued to record the steepest growth of almost 15%.