Fifth Largest Steel Producing Country – Russia
Russia is the world’s fifth-largest producer of steel, behind China, India, Japan, and the United States.
- In 2021, Russia produced 75,584.8 kt of steel, which accounted for about 5% of global production.
- The Russian steel industry is dominated by a few large companies, including Novolipetsk Steel, Evraz, and Severstal. These companies produce a wide range of steel products, including hot-rolled coil, cold-rolled coil, and plate.
- The Russian steel industry is an important part of the country’s economy. Steel is used in a variety of industries, including construction, automotive, and machinery.
- The Russian steel industry also exports a significant amount of steel to other countries. The main export markets for Russian steel are Turkey, Taiwan, and Mexico.
List of Top 10 Largest Steel-Producing Countries
The Top 10 Largest Steel-Producing countries are Russia, South Korea, Turkey, Germany, Brazil, and Iran. These countries account for over 70% of global steel production. China is by far the largest steel producer in the world, accounting for over half of global production. India and Japan are the second and third largest producers, respectively.
The United States, Russia, and South Korea are also major producers of steel. The steel industry is also a major contributor to GDP in many countries. In India, for example, the steel industry contributes over 2% to the GDP.
In this article, we will look into the list of the top 10 largest steel-producing countries along with their contribution to the global output.
Table of Content
- About the Top 10 Largest Steel-Producing Countries
- List of Top 10 Largest Steel-Producing Countries
- Largest Steel Producing Country – China
- Second Largest Steel Producing Country – India
- Third Largest Steel Producing Country – Japan
- Fourth Largest Steel Producing Country – USA
- Fifth Largest Steel Producing Country – Russia
- Sixth Largest Steel Producing Country – South Korea
- Seventh Largest Steel Producing Country – Turkey
- Eighth Largest Steel Producing Country – Germany
- Ninth Largest Steel Producing Country – Brazil
- Tenth Largest Steel Producing Country – Iran