World crude steel production for the 70 countries reporting to the World Steel Association (worldsteel) was 140.1 million tonnes (Mt) in November 2025, a 4.6% decrease compared to November 2024.
Australia has signed another international commitment, cementing the ongoing strategic importance of critical minerals in establishing secure supply chains for Western economies.
Feasibility studies are underway at the Rhodes Ridge joint venture – set to assess the development of an operation expected to produce around 40 million tonnes of iron a year.