Major Steel-Producing Nations
What is the rank of India in steel production?
India is the second biggest producer of steel among the major steel-producing nations in the world, based on data from FY23.
Who is the largest consumer of steel in the world?
Asia is currently the largest consumer of finished steel products, consuming steel from major steel-producing nations all around the world.
Which country has the cheapest steel?
India, Brazil, and Russia have the lowest production costs among the major steel-producing nations in the world.
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