IT’s difficult to imagine how important material the iron is, therefore we are here to show you Insider Monkey1s latest article about the 10 largest pig iron producing countries in the world.
At first let’s make clear what pig iron is. Well, it’s an intermediary product in the iron industry, and it’s made while the iron ore is melting in a blast furnace. Why is it called “pig” iron? Because of funny shape when ingots were at a right angle to a central runner, and it resembled pigs.
Pig iron has been used for thousands of years and was produced even in 256 BC in China. Iron ore is regarded to be among the cheapest material, and yet it’s the most widely used. Iron doesn’t possess many substitutes, and if there are some, they are much more expensive than iron.
Now, let’s check out the 10 largest pig iron producing countries in the world.
10. Taiwan
Production of iron ore in 2018 (in million metric tons): 15
Production of iron ore in 2019 (in million metric tons): 16
9. Ukraine
Production of iron ore in 2018 (in million metric tons): 21
Production of iron ore in 2019 (in million metric tons): 21
8. United States of America
Production of iron ore in 2018 (in million metric tons): 24
Production of iron ore in 2019 (in million metric tons): 23
7. Germany
Production of iron ore in 2018 (in million metric tons): 27
Production of iron ore in 2019 (in million metric tons): 26
6. Brazil
Production of iron ore in 2018 (in million metric tons): 29
Production of iron ore in 2019 (in million metric tons): 26
5. South Korea
Production of iron ore in 2018 (in million metric tons): 47
Production of iron ore in 2019 (in million metric tons): 48
4. Russia
Production of iron ore in 2018 (in million metric tons): 52
Production of iron ore in 2019 (in million metric tons): 50
3. India
Production of iron ore in 2018 (in million metric tons): 71
Production of iron ore in 2019 (in million metric tons): 75
2. Japan
Production of iron ore in 2018 (in million metric tons): 77
Production of iron ore in 2019 (in million metric tons): 75
1. China
Production of iron ore in 2018 (in million metric tons): 771
Production of iron ore in 2019 (in million metric tons): 820
China tops the list of the 10 largest pig iron producing countries in the world. As we can see, there are always the same players in the market, sometimes the order changes, but all in all the winners are the same.
