We have already published lists about pig iron, iron ore – this time we will show you the 10 largest steel producing countries in the world. Insider Monkey have come up with an arresting article again, which is really worth reading it.
The steel industry is in connection with several other industries, such as producing pig iron. Steel is the most important material in the world, that has hundreds of use from refrigerators stationery, surgical scalpels, watches and really everywhere, that would be impossible to list all. IF you have checked out our article about the largest pig iron producing countries you will see that comparing the two lists, they are the same. It’s because those countries that produce most pig iron, are on the top of steel producing, too.
The steel industry grows year by year, according to Insider Monkey’s investigation, the steel demand increased by 3.9% in 2019 and it raised more this year despite the epidemic. Interestingly, the steel industry decreased in the United States in 2018 and 2019, as only value of $92 billion was produced. In the US only three companies produced raw steel in about nine locations.
Now, let’s check out the 10 largest steel producing countries in the world.
10. Iran
Production of steel in 2018 (in million metric tons): 25
Production of steel in 2019 (in million metric tons): 27
9. Brazil
Production of steel in 2018 (in million metric tons): 35
Production of steel in 2019 (in million metric tons): 32
8. Turkey
Production of steel in 2018 (in million metric tons): 37
Production of steel in 2019 (in million metric tons): 34
7. Germany
Production of steel in 2018 (in million metric tons): 42
Production of steel in 2019 (in million metric tons): 41
6. Russia
Production of steel in 2018 (in million metric tons): 72
Production of steel in 2019 (in million metric tons): 71
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5. South Korea
Up to the list of the 10 largest steel producing countries in the world here’s South Korea.
Production of steel in 2018 (in million metric tons): 72
Production of steel in 2019 (in million metric tons): 72
4. United States of America
Production of steel in 2018 (in million metric tons): 87
Production of steel in 2019 (in million metric tons): 87
3. Japan
Production of steel in 2018 (in million metric tons): 104
Production of steel in 2019 (in million metric tons): 100
2. India
Production of steel in 2018 (in million metric tons): 106
Production of steel in 2019 (in million metric tons): 110
1. China
Production of steel in 2018 (in million metric tons): 928
Production of steel in 2019 (in million metric tons): 1,000
Who else but China is on the top of the compilation of 10 largest steel producing countries in the world.
