In August 2024, the global production of pig iron fell by 6.7% compared to the previous month – to 112.57 million tons. Compared to August 2023, the indicator decreased by 5.8%.
World production of pig iron by the blast furnace method for the month amounted to 102.31 million tons (-6.9% m/m; -6.6% y/y), and by DRI method – 10.26 million tons (-5 % m/m; -0.3% y/y).
In January-August 2024, global pig iron production decreased by 2.3% compared to the same period in 2023 – to 937.28 million tons. In particular, 854.58 million tons of iron were produced by the blast furnace method, and by DRI method – 82.7 million tons.
The largest countries producing pig iron in January-August are:
China – 577.7 million tons (-4.3% y/y);
India – 94.57 million tons (+6.2% y/y);
Japan – 40.96 million tons (-3.5% y/y);
Russian Federation – 39.83 million tons (-4.5% y/y);
South Korea – 29.32 million tons (-1.9% y/y).
ABOUT KEVA
Keva Casting is a professional casting company that focuses on Construction, Machinery, Automobile, Hardware, Pipeline and many other industries.
We provide top quality products with the best service based on our complete production chain including our own mold design, advanced production techniques, and full management of the supply chain. Keva Casting has two factories located in Zhucheng, China's Shandong province.
We use "shell molding", which is a new technique that has been developed in recent years.This new technique has simplified production procedures and reduced air pollution compared with traditional sand casting and investment casting. Shell making and core making are faster to ensure production in enormous quantities. The dimensions and surface finishing are satisfactory for all kinds of industrial requirements. Besides supplying our own formwork & scaffolding systems, our casting products also supply OEM services in various industries.