Ninth Largest Steel Producing Country – Brazil
As of 2021, Brazil is the ninth largest producer of steel in the world.
- Brazil is also the world’s second largest producer of iron ore and has one of the largest reserves of high-quality ore.
- Brazil’s steel industry is primarily driven by demand from the construction, infrastructure development, and automotive manufacturing sectors.
- Brazil’s steel production is concentrated among four large companies, most of which are domestically-owned.
- Brazil’s steel production uses a mix of iron ore-based blast furnaces and scrap metal-based electric arc furnaces.
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