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| Italy Steel Production |
November Steel Output Drops, Signaling Short-Term Slowdown
Italian steelmakers reduced production by 11.8% month-on-month in November 2025, totaling 1.75 million tons. However, cumulative output from January to November grew 2.5% year-on-year to 19.28 million tons. Federacciai data, cited by SteelOrbis, confirms that flat steel declined 5.2% y-o-y while long products rose 7.2% y-o-y in November. Meanwhile, flat steel production fell 9% month-on-month, and long steel declined 8.3%.
Year-to-Date Growth Balances Monthly Decline
Despite the November contraction, Italy’s January-November steel output reflects sector resilience. Flat steel production increased 3.8% y-o-y to 8.3 million tons, while long steel rose 4.7% to 11.5 million tons. This suggests steady domestic demand from construction and automotive sectors, which remain key consumers of long and flat products. The November dip appears seasonal, aligning with historical winter slowdowns.
Italian Steel Trends in Annual Context
Italy reduced overall steel production by 5% in 2024 compared to 2023, totaling 20 million tons. Long products fell slightly by 0.2% to 11.7 million tons, while flat products declined 9.7% to 8.6 million tons. In December 2024, production dropped 8.8% y-o-y and 33.4% month-on-month to 1.199 million tons. These shifts indicate inventory management and cost control measures across Italian steelmakers.
European and Global Context for Italian Steel
Italy’s reduction contrasts with broader EU growth, as EU steel production reached 129.5 million tons in 2024, up 2.6% from 2023. Globally, steel output declined 0.9% to 1.84 billion tons, indicating persistent international oversupply pressures. Italy’s November contraction may signal inventory adjustments and cost management ahead of 2026, particularly for flat products that faced a 9.7% annual decline in 2024.
ScrapInsight Commentary
Italy’s November steel decline reflects temporary seasonal and inventory pressures despite annual growth. Flat steel reduction may affect domestic construction demand, while long products maintain sector resilience. Regulatory stability and EU demand could support a moderate rebound in 2026, reinforcing circular economy practices in scrap-based steelmaking.
