The Top 10 Steel - producing Countries in the World in 2024
The Top 10 Steel - producing Countries in the World in 2024
Blog Article
In 2024, the global crude steel output reached 1.88 billion tons. China's output was 1.005 billion tons, accounting for 53.3%. India ranked second in production, with a crude steel output of 150 million tons in 2024.
In addition to China and India, there were other countries with a crude steel output of over 50 million tons in 2024, including Japan (84 million tons), the United States (79.5 million tons), Russia (70.7 million tons), and South Korea (62.5 million tons).
There were 19 countries with a crude steel output of over 10 million tons globally, and 12 countries with an output of over 20 million tons. Among the countries with an output of over 20 million tons, there were also Germany (37.2 million tons), Turkey (36.9 million tons), Brazil (33.7 million tons), Iran (31 million tons), Vietnam (22.1 million tons), and Italy (20 million tons).
- China
- Production: In 2024, China's crude steel output reached 1.005 billion tons, a year-on-year decrease of 1.7%, but it still firmly ranked first in the world.
- Status and Influence: China is not only the world's largest steel producer but also a major steel consumer, having a significant impact on the global steel market.
- India
- Production: In 2024, India's crude steel output was 149.6 million tons.
- Growth Trend: The continuous growth of India's steel output reflects the strong demand in the country's infrastructure construction and industrialization process.
- Japan
- Production: In 2024, Japan's crude steel output was 84 million tons.
- Industry Characteristics: Japan's steel industry is well-known for its high quality and high technological content, occupying an important position in the global steel market.
- The United States
- Production: In 2024, the United States' crude steel output was 79.5 million tons.
- Market and Demand: As a major global economic power, the demand for steel in the US market is stable, and there is a certain dependence on high-quality steel products.
- Russia
- Production: In 2024, Russia's crude steel output was 70.7 million tons.
- Resource Advantage: Russia has abundant iron ore and other raw materials for steel production, providing strong support for the development of its steel industry.
- South Korea
- Production: In 2024, South Korea's crude steel output was 63.5 million tons.
- Export Orientation: South Korea's steel industry is export-oriented, and its products are competitive in the international market.
- Germany
- Production: In 2024, Germany's crude steel output was 37.2 million tons.
- Technical Strength: Germany's steel industry is famous for its technological innovation and high-quality products, occupying a place in the global steel market.
- Turkey
- Production: In 2024, Turkey's crude steel output was 36.9 million tons.
- Geographical Advantage: Turkey has a unique geographical location, connecting Asia and Europe, which provides convenient conditions for the export of its steel products.
- Brazil
- Production: In 2024, Brazil's crude steel output was 33.7 million tons.
- Development Potential: As an emerging market country, Brazil's steel industry has great development potential, and its future output is expected to further increase.
- Iran
- Production: In 2024, Iran's crude steel output was 31 million tons.
- Policy and Market: The development of Iran's steel industry is affected by various factors such as domestic policies, market demand, and the international trade environment.
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