Washington: Global crude steel production fell 4.6% year-on-year to 140.1 million tons in November, as production in China dropped 10.9%, according to data released by the World Steel Association on Tuesday.

According to Anadolu Agency, last month, China, the world's largest steel producer, witnessed its production fall to 69.9 million tons. The data also highlighted that Japan's production declined 1.6% to 6.8 million tons in November, whereas the US saw a production increase of 8.5% to 6.8 million tons.

Germany experienced a 2.6% reduction in production, bringing the total to 2.8 million tons in November. South Korea's production also saw a decrease of 4.8%, resulting in a total of 5 million tons. Meanwhile, Trkiye's crude steel production climbed 10% on an annual basis in November to reach 3.3 million tons.

In November, Brazil's steel production rose marginally by 0.7% to 2.8 million tons, while Iran reported a significant increase of 9.2%, reaching 3.4 million tons.

The report further noted that global crude steel production from January to November fell 2% compared to the same period in 2024, totaling 1.662 billion tons. During this period, China's production declined 4% to 891.7 million tons, following its announcement to introduce licenses for steel exports.

The Chinese Commerce Ministry announced on December 12 that it plans to implement a licensing system to regulate steel exports starting in 2026. This move is seen as a response to international criticism, particularly from Europe, regarding cheap steel exports from China and the country's overcapacity.