As the world’s second largest economy, China’s business extends from infrastructure to energy. At the same time, products made in China are supplied to many countries in the world. From toys to mobile phones, many types of products are made in China. Similarly, China’s steel production is the largest.
Used to make everything from needles to boats
Steel is the world’s most important engineering and construction material. It is used to prepare things from small to large. It is widely used to make everything from cars to building products, refrigerators and washing machines, cargo ships and surgical instruments. Steel is used to make everything from needles to ships.
What is steel made of?
It is a metal that consists of a mixture of iron, carbon, and some other elements. The product can be bent and shaped as needed. Most of it is produced in China. More than half of the steel produced in the world is produced in China.
How much steel does China produce?
According to 2023 data, China’s steel production accounts for 54% of the world’s total. Although China’s production has declined due to low demand, 57.1 million tons of steel were exported to China in July. According to 2023 data, China’s steel production exceeded 1.9 billion tons, compared with 1.01 billion tons in 2022.
India ranks second
India ranks second in steel production with 118 tons. Japan ranks third in the list with 96 tons. It is followed by countries such as the United States, Russia, South Korea, Turkey, Germany, Brazil and Iran.
India’s steel production increases
India was the only country among the top five steel producers to see a consistent increase in output. Elsewhere, output fell by up to 7% due to low steel demand. China produced 343.7 tonnes in January-April.
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