Steel is the key strategic product. On a global scale, it’s a determining factor in a country’s economic and political stability. Steelmaking companies are the largest segment of production that forms heavy industry. Despite a slight downfall in production in African, American, and European counties and its growth in Asia and the Middle East, the list of leading steel producers hasn’t changed much over the past few years. Let’s define the leaders.
- 1 World steel production by country
- 1.1 1. China, the absolute leader (928.3 million tons)
- 1.2 2. India, the second largest producer of steel (106.5 million tons)
- 1.3 3. Japan (104.3 million tons)
- 1.4 4. USA (86.7 million tons)
- 1.5 5. South Korea (72.5 million tons)
- 1.6 6. Russia, a stable player on the market (71.7 million tons)
- 1.7 7. Germany (42.4 million tons)
- 1.8 8. Turkey (37.3 million tons)
- 1.9 9. Brazil (34.7 million tons)
- 1.10 10. Iran (25 million tons)
World steel production by country
1. China, the absolute leader (928.3 million tons)
The first place belongs to the Asian giant, who became the leading figure in steelmaking in the mid-2000s, – the People’s Republic of China. It’s not just the leading figure: China has long and confidently outstripped other global industrial giants. In the past three years, Chinese steelmakers have produced from 700 to 1450 million tons of high-quality steel and alloys.
2. India, the second largest producer of steel (106.5 million tons)
India has come a long way since 1907 when the first iron and steel plant called Tata Iron and Steel Company Ltd. was established. The abundance of iron ore and coal deposits, as well as the availability of workforces, has led to the growth of the metallurgical industry in the country, eventually making it the second top producer of steel. India’s steel industry accounts for about 2% of total GDP and employs more than 600,000 people.
3. Japan (104.3 million tons)
The third largest steel producing country is Japan, accounting for about 7% of the world total amount of steel produced per year. The past few years have been marked by a slight decline in heavy industry, but the country still holds its position.
4. USA (86.7 million tons)
The United States ranks fourth, with the production of steel and steel-containing alloys ranging from 85 to 95 million tons. The main American manufacturer today is the U. S. Steel concern which produces around 24.4 million tons every year. Its main specialization is high-alloyed steels.
5. South Korea (72.5 million tons)
Next on the list of the largest steel-producing countries is South Korea. In addition to that, the country is the fourth largest exporter of steel in the world, with the US, China, and Japan being the main buyers.
6. Russia, a stable player on the market (71.7 million tons)
Russia occupies the next position, accounting for more than 5% of the world steel production. The most well-known Russian producer is Severstal, with the annual output of 15.70 million tons. While Russia doesn’t produce nearly as much as top leaders, its position on the list is stable and steady.
7. Germany (42.4 million tons)
Germany is the biggest manufacturer in terms of steel production by country in Europe. The main producers in Germany have long become a symbol of quality, high technology, and efficient production capabilities. The only European country able to compete with Germany is Luxemburg.
8. Turkey (37.3 million tons)
Having encountered a fall in production, Turkey still remains one of the major steel-producing countries and exporters, with the US, UAE, and Egypt being its main consumers. However, in 2018, the nation saw a 0.6% decrease in production compared to 2017.
9. Brazil (34.7 million tons)
Despite the economic crisis that affected the country’s crude steel output in 2016, Brazil now shows signs of steady growth in production.
10. Iran (25 million tons)
Last year, steel production in Iran increased by 17% compared to 2017 and amounted to 25 million tons, pushing the nation up to the 10th spot on the list of the top steel-producing countries.
So that was the list of Top 10 Steel producing countries in the world.