Top Steelmakers of the

World

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The demand of steel in the world is witnessing an all time upsurge. The colossal leaps in technology increase in the
income levels and dynamic political, economic and geo-political factors are actively contributing to the surge in
demand. This in turn is forcing nations to increase production. The emerging economies of the world are rapidly
climbing the production graph.

Following is the list of

steel production countries
in the world decoding the
major trends in steel
industry
 China

• China has emerged as the biggest steel

producer in the world with a whooping
more than 800 million metric tons of
crude steel production. The phenomenal
rise in the China’s steel production has
already attracted several nations like the
US, the EU and India. All the major
economies of the world have already
shown their interest in China’s extremely
affordable exports. According to several
research reports, public uprisings on the
requirement to keep factories running
and the increasing GDP is forcing China to
produce more than required amount of
crude steel.
• China has witnessed an applauding
growth of 364% in steel exports since
2009. Vietnam, South Korea and
Philippines are the largest buyers of
Chinese Steel.
Japan

• Japan has always progressed to

maintain its stable steel
production quantity mark
above 104 million metric tons
since 2014.
• With this, Japan is considered
the second largest exporter of
high-grade, sophisticsted steel
with 40.4 million metric tons
sold all over the world. The
country witnesses a 22% rise in
export growth despite of their
fall in production. Thailand,
China and South Korea are the
prime buyers of steel from
Japan.
India

• India’s ambitious growth in the

steel industry is expected to
overtake Japan in the coming years.
After reaching the mark of 101
million metric tons in February
2017, Indian steel industry is rapidly
increasing by 11%. According to
some estimations, there are many
steel production companoies in
india who have registered an
exponential 75% growth in sports.
The topmost buyers of Indian steel
are Nepal, Bangladesh and Belgium.
USA

• The steep decrease in crude steel

production from 88 million metric tons
to 74 million metric tons narrates the
story of USA’s falling steel health.
• As per the research claims US, which is
known as the major importer of steel is
asking the producers in developing
economies to avoid excess exports that
can cause catastrophe in the global
market. Despite this, USA exports high-
grade steel to nearly 150 countries,
with Mexico, Canada, Nucor,
ArcelorMittal and US Steel being the
largest stel production companies.
Russia

• Russia’s steel production graph has

witnessed a gradual fall in 2016 at 68.6
million metric tons, which rose in the
first quarter of 2017 with 70.8 million
metric tons. However, the country has
registeres a sharp increase of 22% in
exports since 2011. Russia primarily
exports to Taiwan, Turney and Mexico.