In June 2025, global crude steel production witnessed a significant downturn, continuing the downward trajectory seen since spring. According to data from the World Steel Association, output among the 70 monitored countries fell by 3.8 per cent year-on-year, totaling 158.8 million tonnes, down from May’s 165.1 million tonnes. This decline marks the most pronounced monthly drop in global steelmaking since the winter of 2024.
China, the world’s largest steel producer by volume, saw its June output dip sharply-mirroring patterns observed in May-due to reduced domestic demand and seasonal factory closures. Other large producers, including Japan, Russia, South Korea, and Germany, also reported declines, exacerbating the global slump.
Contrasting with this global slowdown, India’s steel sector stood out as a beacon of growth. June 2025 saw India’s crude steel production surge by 9.7 per cent year-on-year, reaching 13.5 million tonnes, mirroring the performance seen in May. The year-to-date trend was also robust: from January to June, India’s production climbed 8.2 per cent, further bucking the global slowdown. Analysts suggest that this expansion is driven by a rebound in infrastructure investment, supported by government spending on roads, railways, and housing projects.
Moreover, India’s steel industry continues to benefit from the slowdown in Chinese output, which has freed up export markets and stabilised regional prices. Lower Chinese production has alleviated global oversupply pressures, indirectly bolstering Indian exporters.
Globally, the performance in June reflects ongoing macroeconomic challenges, including sluggish demand in major economies. In contrast, India’s steel sector remains a pillar of national growth, supported by strong consumption in government-led infrastructure programs and competitive export positioning.
