Turkey
Turkey produced 33.7 million tons of steel in 2023, a slight dip from the prior year. It makes a wide range of steel products, meeting both domestic and export demand. However, factors like unstable raw material costs and political tensions create challenges.
While investments in updated technologies and expanded facilities are helping Turkish Steel stay resilient, more reforms are needed. Addressing regulatory barriers could strengthen the industry over the long term. However, transforming systemic issues could help in becoming regional steel producer and globally integrated player.
World’s Biggest Steel-Producing Countries
Major Steel-Producing Nations: China is the biggest crude steel producer in the world. Steel production is at the core of the modern world economy, and several countries play a key role in meeting the world’s demand of this indispensable good. From building infrastructure to producing and transporting, steel is a key factor in the industrial chain around the world.
Knowing the dynamics of steel production in the major steel-producing nations would help provide a better grasp of the economic growth status, technologies and market in these nations and worldwide.
Table of Content
- 1. China
- 2. India
- 3. Japan
- 4. United States
- 5. Russia
- 6. South Korea
- 7. Germany
- 8. Turkey
- 9. Brazil
- 10. Iran
- 11. Italy
- 12. Vietnam
- 13. Taiwan
- 14. Mexico
- 15. Indonesia